![\"\"](\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2020\/07\/Beneficial-Ownershoip-1024x576.jpg\")
<\/a><\/p>\n\u201cToothless Bans\u201d
\nPoland, France, Belgium and Denmark are among the European nations that want to stop companies that use tax havens from getting coronavirus-related relief funds. But tax reformers argue the laws are ‘toothless’. It \u00a0don’t go far enough and leave too much wiggle room for companies. \u201cWhat we really need to be asking are specifics like: \u2018Give us beneficial ownership. Give us country-by-country reporting. Comply or explain,'” said tax expert Professor Richard Murphy.<\/p>\n
Denying Justice
\nAngolan billionaire Isabel dos Santos claims she has been “denied justice” \u00a0by the country\u2019s \u201crigged\u201d legal system. A Luanda court threw out an appeal to unfreeze personal and corporate bank accounts belonging to dos Santos, her husband and her senior business managers. The assets were frozen in December, just weeks before Luanda Leaks was published. Angolan prosecutors say her claim is \u201cunfounded.”<\/p>\n
New Tax Committe
\nThe European Union has established yet another tax committee \u2013 albeit this time a permanent one to focus on tax avoidance in the region. The subcommittee will focus on industrial-scale corporate tax avoidance\u00a0by global tech companies, and the lack of transparency around multinationals\u2019 tax information. But the new body will have limited powers, and won\u2019t tackle money laundering.<\/p>\n","protected":false},"excerpt":{"rendered":"
Anne Wilson-Chapman of the International Consortium of Investigative Journalists writes about the ongoing fallout from the Panama Papers in Malta, the ontinuing effort to tie Covid tax relief packages to tax transparency and Luanda \u2018leaks.\u2019 Maltese Secrets Malta\u2019s former deputy … Continue reading