The US as a Tax Haven: Tax Evasion, Corruption, and Other Illicit Financial Flows
A discussion with Tax Justice Network on the Launch of their latest Financial Secrecy Index
Thursday, February 1, 12:30-2:00pm
* light refreshments will be served
Please join us for an informal lunchtime conversation with Andres Knobel, analyst at the Tax Justice Network (TJN). As part of an ongoing initiative by the Center for Human Rights and Global Justice to foster dialogue on the relationship between fiscal policy and human rights, this discussion will take a close look at how tax havens enable illicit financial flows (IFFs), in light of recent scandals generated by the Panama and Paradise Papers. A lawyer by training, Andres is an expert on IFFs, particularly the role of secrecy and the strategies that allow individuals and entities to evade taxes, launder money, or hide proceeds of corruption, depriving states of revenues needed to deliver on their human rights obligations and exacerbating inequalities. Andres is one of the lawyers behind TJN’s flagship publication: the Financial Secrecy Index (FSI). Widely covered by the media (e.g. The Economist, Bloomberg), the FSI is an evidence-based methodology that identifies the world’s worst tax havens, shedding light on the role of major economies—including the United States—and offering an alternative perspective to the usual list of tax havens identified by the European Union or the OECD, as well as Transparency International’s Corruption Perception Index. The talk will address the research that goes into the FSI and how the US measures up. In particular, Andres will discuss the US’s lack of progress relating to the ABC of Fiscal Transparency: Automatic Exchange of Bank Account Information (FATCA/CRS), Beneficial Ownership registration of companies, trusts, partnerships and foundations, and Country-by-Country Reporting (BEPS Action 13).
Please RSVP here.