The Department of Justice announced today the filing of a civil complaint seeking the forfeiture and recovery of approximately $144 million in assets that are … Department of Justice Seeks to Recover Over $100 Million Obtained From Corruption in the Nigerian Oil IndustryRead more
Corruption
Posted inCorruption / News / Tax
Multinationals benefit hugely from Dutch tax haven deals, says NRC
Multinational companies that register a headquarters operation in the Netherlands can receive very substantial discounts – up to 80% – on their corporate tax bills, … Multinationals benefit hugely from Dutch tax haven deals, says NRCRead more
Posted inCorruption / News / Tax
Consumer goods MNC RB is tax dodging
Oxfam has today released a report on tax dodging by RB, the company formerly known as Reckitt Benckiser and the maker of thousands of well … Consumer goods MNC RB is tax dodgingRead more
Posted inCorruption / Economics / Financial crisis / USA Empire
Moody’s pays $864 million to U.S., states over pre-crisis ratings
Moody’s Corp has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in … Moody’s pays $864 million to U.S., states over pre-crisis ratingsRead more
Posted inBank / Corruption / ToMl
Is the British State Complicit in World’s Largest Systemic Fraud?
Five years ago it emerged that the LIBOR interest rates, the world’s most influential and important financial benchmark, were rigged. New revelations suggest that not … Is the British State Complicit in World’s Largest Systemic Fraud?Read more
Posted inCanada / Corruption / News / Tax
Why are Tax Haven Users Getting Govt Contracts?
The federal government is giving lucrative contracts to suppliers who avoid paying their share of taxes by using tax havens. This includes individuals and organizations … Why are Tax Haven Users Getting Govt Contracts?Read more
Posted inCorruption / India / News / Tax
15,080 Profitable Indian Companies Paid No Tax in 2015-16
Tax incentives allowed 15,080 profit-making Indian companies to have effective tax rates of zero, and in some cases less than zero, in 2015-16, according to … 15,080 Profitable Indian Companies Paid No Tax in 2015-16Read more
Posted inCorruption / Economics / Military / ToMl / USA Empire
US Military Waste Game Suddenly Seems Prophetic
The most jaw-dropping element of President Donald Trump’s proposed budget for 2018 is still shaking the foundations of Washington. The Pentagon, the most profligate agency … US Military Waste Game Suddenly Seems PropheticRead more
Posted inCorruption / Economics / ToMl
Panama Papers: Who were the big players?
The Panama Papers revealed a systemic challenge to global governance, in which the big players are major banks, multinationals and the biggest financial centres of … Panama Papers: Who were the big players?Read more
Posted inAfrica / Corruption / Economics / ToMl
Corruption in Africa
Misleading index and bribery by foreign companies Internationally, African countries are considered to be particularly corrupt. This reputation amounts to an immense oversimplification of a … Corruption in AfricaRead more