It's crazy that this Swiss subsidiary isn't even listed as existing in Starbucks consolidated accounts in the US. Great digging by @cictar.bsky.social and @itep.org www.businessinsider.com/starbucks-us...

Starbucks likely avoided taxes on $1.3 billion in profit using a Swiss subsidiary, a new report finds

Starbucks booked millions in profit at a Swiss subsidiary, where the company likely paid less in taxes than it would have elsewhere, a report found.

businessinsider.com

Happening today and excited to participate. Warwick Business School event in London 'From Baku to Belém'. Greater coherence needed between the UNFCCC and the negotiations for the UN Tax Convention to mobilise resources via internatinal tax cooperation and advancing ownership and asset transparency.

A great morning run by the Basingstoke Canal, frosty in -5 but no snow in Surrey.

Cities like London should invest in pedestrianisation, cycling, and cheaper public transport, making drivers pay isn't enough. I went to London on New Year's day by car due to expensive and unreliable trains and no CC/ULEZ on the day for EVs, I'd not go on any other day to the CC zone. rb.gy/tflyga

London has a congestion charge – and traffic in gridlock. We need other ways to end the obsession with cars | Jonn Elledge

The charge was seen as draconian, but new thinking is now essential. Look to the cities trying a range of bold ideas, says author Jonn Elledge

theguardian.com

The end of fact checking and content moderation on Meta platforms (FB, Insta, Threads) spells the end of meaningful conversation. They just become enablers for hateful, and abusive intent. With many secretive accounts, and hidden ownership, we won't know who even know who is behind it. rb.gy/tflyga

Ditching of Facebook factcheckers a ‘major step back’ for public discourse, critics say

Mark Zuckerberg’s decision regarding Meta platforms condemned as ‘a full bending of the knee’ to Donald Trump

theguardian.com

Who owns London’s luxury real estate? Sometimes there's no way to know. The family of Azerbaijani dictator Ilham Aliyev held properties in the British capital worth millions of dollars. Do they still own them? We can't tell. They’re hidden behind a secretive offshore trust. Our latest story🧵👇

Luxury London Properties Linked to Family of Azerbaijan's President Are Hidden Behind an Offshore Trust

The family and associates of Azerbaijani strongman Ilham Aliyev acquired U.K. real estate worth hundreds of millions of dollars. Are they still holding onto their property empire? Despite new transpar...

occrp.org

@stevejgoodrich.bsky.social @bcowdock.bsky.social Checking you saw this from the Isle of Man, given mention of Isle of Man trust in your latest story with OCCRP. Happy Christmas!

Stephen Abbott Pugh@stephenabbottpugh.bsky.social · 2y ago

Isle of Man Government to grant obliged entities access to its beneficial ownership register from 31 December 2024 onwards - but no move towards legitimate interest access for journalists or civil society yet despite UK government pressure www.gov.im/news/2024/de...

Instead of building schools and hospitals, billions in public funds from Africa vanish into offshore accounts, luxury real estate and shell companies. We have analysed 78 cases, revealing where stolen funds end up. Check it out! ⬇️ https://buff.ly/3BoJPZ0

Dirty money’s hiding spots: How corruption funds disappear overseas -…

How dirty money disappears overseas and corruption-linked African assets are hidden in wealthy nations

buff.ly

HMRC fined 83,000 people who earned below the tax threshold for failing to file a tax return. They should be fighting tax dodging by the richest – not penalising the poorest. taxjustice.uk/blog/hmrc-sh...

HMRC should focus on tax dodging by the richest

Figures out in October showed that HMRC has issued fines to 83,000 self-employed people on low incomes for failing to file a tax return on time. These people were earning too little to pay any tax at ...

taxjustice.uk

Last month, a statement from the U.K.’s foreign secretary said that Isabel dos Santos “systematically abused her positions at state-run companies to embezzle at least [$443 million], depriving Angola of resources and funding for much-needed development.”

UK sanctions Angola’s Isabel dos Santos and associates for ‘stealing country’s wealth for personal gain’ - ICIJ

The British government’s decision follows a series of criminal charges and asset freezes brought by multiple governments against the daughter of Angola’s former president following ICIJ’s 2020 Luanda…

buff.ly

Why we need public beneficial ownership transparency! "Aroland Holdings is a" ... BVI-registered company whose BO ... " is listed as Kuok Khoon Hong, the co-founder of Singapore’s Wilmar International, one of the world’s largest oil palm plantation owners." tinyurl.com/5fz3krct 1/4

Shard to share title of tallest building in UK as new skyscraper gets green light

The new building, 1 Undershaft, will be 309.6m tall, matching the height of the Shard to the centimetre

tinyurl.com

A great opportunity to publish a paper on offshore secrecy, esp. if you're into social theory, Georg Simmel, econ sociology or socio-economics.

Brooke Harrington@ebharrington.bsky.social · 2y ago

Calling all social scientists whose work touches on offshore finance! Please submit your work to the special issue of the journal Socio-Economic Review that I'll be guest editing with my fellow sociologist Kimberly Kay Hoang & historian Vanessa Ogle. Due date:15 May. academic.oup.com/ser/pages/cf...

In the 1980s–90s, many previously prominent social scientific questions on power and inequality faded into the background. Our brand-new article w/ @phdskat.org at @ripejournal.bsky.social probes into this dynamic through the concept of 'corporate escape' 🧵 1/10 www.tandfonline.com/doi/metrics/...

This week is the 2nd Prep Committee for 4th International Conference on Financing for Development (FfD) taking place in Seville, 30 Jun-3 Jul. This matters for tackling Illicit Financial Flows, the international tax and debt architecture and transparency of private finance, tinyurl.com/3b8fpenr 1/8

Amazon will make billions from Black Friday. Their workers across the country are protesting today, highlighting poor working conditions and Amazon's tax avoidance. It's time the government stop the tax breaks and #MakeAmazonPay

Why should funders prioritise the #UN #FfD4 conference in Seville, Jul/2025? The Global Financial Architecture on international tax and debt co-operation, regulating private finance and trade flows is being framed (if not directly defined) starting negotiation tracks, processes: bubs.live/FGyxHxGa3

Livestreamed/Geneva event! "Exploring the Linkages between the Human Rights Economy with and the Right to Development" 26 Nov, 15:30-16:45 CET, Room XXVII, Palais des Nations. UN SR Right to Development, Act Alliance, CIDSE, @hrw.org, @cesr.bsky.social, Franciscans Intl. Stream: tinyurl.com/yrrpe3r7

Yes!!! 👏 EU governments reject the amendments that would weaken the EU deforestation law! 🍃🌲 #EUDR #deforestation #NatureLoss #biodiversity #Amazon

Greenpeace EU@greenpeace.eu · 2y ago

#DeforestationLaw: "Conservative and far-right MEPs tried to carve out loopholes bigger than the Amazon rainforest at this late, late stage, and it cannot be tolerated." We're urging EU governments: take a stand and save the #EUDR www.greenpeace.org/eu-unit/issu...

⚠️WARNING⚠️ UK Zone Fever has the most malign backers on the planet. Trump is the man who Peter Thiel (PayPal/Palantir) urged to fire the nation’s civil servants to “replace them with our people”, to defy the courts and rule his own way. Or, to put this in simple terms: to foment a coup. Thread

Billionaires Are Suing the Honduran Government for Blocking Their Profit-Making Scheme

US billionaires are trying to establish a libertarian city-state in Honduras to evade democratic constraints. As progressive president Xiomara Castro resists their efforts, the Peter Thiel–backed firm...

jacobin.com

🚨 BREAKING: Corporations and the super-rich dodged £388 billion to tax last year — and the UK enabled £102 billion of this. Tax abuse by corporations and the super-rich is out of control — but the UN is trying to change this. Read on to find out more⬇️

🚨New research: $492 billion in tax is being lost globally every year into tax havens. Two thirds of that is multinational corporations shifting profits offshore. Read the research from @taxjusticenet.bsky.social: taxjustice.net/press/world-...

World losing half a trillion to tax abuse, largely due to 8 countries blocking UN tax reform, annual report finds | Tax Justice Network

Multinational corporations cheated more after getting tax cuts, largest inadvertent real-world testing of corporate tax policies reveals Countries are losing US$492 billion in tax a year to multinatio...

taxjustice.net

Countries are losing half a trillion $ to tax havens a year. The UK is the 2nd biggest loser but is 1 of 8 countries opposed to a #UNtaxConvention that would fix this. @alexcobham.bsky.social talks with BBC World New about our new State of #TaxJustice2024 report bit.ly/SOTJ24 youtu.be/Uhx5C5wLFQo

Alex Cobham BBC interview - State of Tax Justice 19 Nov 2024

YouTube video by Tax Justice Network

youtu.be

@g20org.bsky.social in its Leaders' Declaration says "we will seek to engage cooperatively to ensure that ultra-high-net-worth individuals are effectively taxed." But, relying on the OECD BEPS Inclusive Framework is unlikely to deliver, a future protocol under UN FCITC is more likely. rb.gy/7mlmvq

Event alert! Warwick Uni, "Roundtable: The UN Tax Convention, Global Cooperation and Fiscal Justice", 4pm - 6pm, Wed, 27, FAB0.80 (Ground Floor, Faculty of Arts), in person only with Maria Ron Balsera @cesr.bsky.social, Prof. Sol Picciotto, John Snappe. More info: tinyurl.com/43fbxpc2

Decided to move over here, both myself and the organisation I work for @fintrco.bsky.social . Any good migration tools, or similar tips for the recent migrants. I feel one of the biggest things we're leaving behind is the following both I and esp. FTC have built over 15 / 20 years respectively.