Accountancy and Business Affairs
in association with the Tax Justice Network
and Centre for Global Accountability
Programme for Essex University Workshop : 3-4 July 2008
Tax JUSTICE, TRANSPARENCY AND ACCOUNTABILITY
Session 1 13.00 - 14.30
Chair: Prof Prem
Philip Sarre (Open University) – The geography of international financial flows. Geographers should take more interest in the effects of the international financial system. Penetration of OFC and TNC secrecy would be a useful first step, which would also allow more accurate documentation of financial flows.
(Christian Aid) This
paper questions whether it matters where money comes from and finds it
money raised from taxation is good for governance. But what does this
development policy and practice, particularly for an international
supports southern organisations? This paper, based on literature
internal debate and inputs from partner experience, delves into this
Lauren Damme, Tiffany Misrahi, Stephanie Orel (LSE) - Taxation Policy in Developing Countries: What is the IMF’s Involvement? (Slides): Taxation is an essential source of revenue for a state and is central to the development of Southern nations. Hence, over the past three decades, the IMF has been heavily involved in the tax reforms of less developed countries. The standard prescription of the IMF is fewer taxes, fewer rates, fewer exemptions and the implementation of the Value Added Tax (VAT) while avoiding corruption. This paper questions whether this is the right prescription for the South and whether sufficient transparency exists within the IMF process for alternative opinion to be considered.
Shaxson (Associate Fellow,
Chatham House) “Oil For the People: A Solution to the “Resource Curse”
notion that mineral-dependent countries like
Session 4 9.00 - 10.30 Chair: Prof Sol
Chair: Prof Sol
Thomas Rixen (Social Science Research Center Berlin (WZB) – The Double Tax Avoidance Regime as Institutional Foundation of Tax Competition - Governments will only be able to realize their policy goals if they give up at least part of their formal tax sovereignty. Unitary taxation with formula apportionment is one possible solution.
Loren Ponds (Universität Hamburg) - Resolving Multilateral Tax Treaty Disputes: (In)competent Authority in the 21st Century. (Slides) Is there a better way to negotiate the outcome of the disputes and what changes are needed to allow this to happen?
Jim Stewart (Trinity College, Dublin) - Low tax Financial Centres and the
Subprime Crisis: The IFSC in Ireland. Financial centres such as the IFSC,
Dublin and Jersey have two distinct but associated features: low tax
touch regulation. Such centres have encouraged the emergence of
'shadow banking system', with all the harmful consequences that we
observe. These centres are not transparent in terms of their
activities. Despite the fact that many of the hedge and other
have got into difficulties are 'based' in the IFSC in Dublib, this fact
rarely mentioned in news and other reports. Even where
faced a credit crisis because of their Irish operations, such as IKB
Germany, the connection with the IFSC is rarely mentioned, or the
low level of regulation of such entities at the IFSC. This paper
Session 5 11.00 - 12.30 - Debate – What are tax havens and where is offshore?
Moderator: John Christensen, TJN
Ronen Palan, Sol Picciotto and Richard Murphy (Slides)lead the debate, with plenty of opportunity for intervention.
12.30 - Looking ahead and Farewell.