TAX JUSTICE NETWORK

About Tax Justice Network

 

TJN is an independent organisation launched in the British Houses of Parliament in March 2003. It is dedicated to high-level research, analysis and advocacy in the field of tax and regulation. We work to map, analyse and explain the role of taxation and the harmful impacts of tax evasion, tax avoidance, tax competition and tax havens. Our objective is to encourage  reform at the global and national  levels. We are not aligned to any political party. Our network includes:

• Academics;
• Accountants;
• Development organisations and NGOs;
• Economists;
• Faith groups;
• Financial professionals;
• Journalists;
• Lawyers;
• Public-interest groups;
• Trade unions
• Others

 
 Our founding objectives are:

• to raise the level of awareness about the secretive world of offshore finance;
• to promote links between interested parties around the world, particularly involving developing countries;
• to stimulate and organise research and debate;
• to encourage and support national and international campaign activity.

 
In particular we aim to:

• promote more local campaigns for tax justice, especially in developing countries;
• provide a medium through which tax justice issues can be promoted within multilateral agencies such as the United Nations, the World Bank, the International Monetary Fund [IMF] , the Organisation for Economic Cooperation & Development [OECD] and the European Union.

(Read more here. See some of our partner organisations here.)

Welcome. Please sign the declaration, subscribe to our Newsletter, link up with others, and campaign for tax justice.

See also our TJN guide for members

http://www.taxjustice.net/cms/front_content.php?idcatart=103 




LONDON, July 22 (Reuters) - Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.

The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.

The research was carried out for pressure group Tax Justice Network, which campaigns against tax havens, by James Henry, former chief economist at consultants McKinsey & Co.

They fund the campaigns of most of our politicians and they exert a tremendous amount of influence over international organizations such as the United Nations, the IMF, the World Bank and the WTO.  When you step back and take a look at the big picture, there is little doubt about who runs the world.  It is just that most people don’t want to admit the truth.

The ultra-wealthy don’t run down and put their money in the local bank like you and I do.  Instead, they tend to stash their assets in places where they won’t be taxed such as the Cayman Islands.  According to a report that was released last summer, the global elite have up to 32 TRILLION dollars stashed in offshore banks around the globe.

http://www.4thmedia.org/2013/02/02/who-runs-the-world-solid-proof-that-a-core-group-of-wealthy-elitists-is-pulling-the-strings/





The following are the top 25 banks and corporations at the heart of this “super-entity”.  You will recognize many of the names on the list…

1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co
7. Legal & General Group plc
8. Vanguard Group Inc
9. UBS AG
10. Merrill Lynch & Co Inc
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp
17. Natixis
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc
21. Morgan Stanley
22. Mitsubishi UFJ Financial Group Inc
23. Northern Trust Corporation
24. Société Générale
25. Bank of America Corporation

The ultra-wealthy elite often hide behind layers and layers of ownership, but the truth is that thanks to interlocking corporate relationships, the elite basically control almost every Fortune 500 corporation.

The amount of power and control that this gives them is hard to describe.

Unfortunately, this same group of people have been running things for a very long time.  For example, New York City Mayor John F. Hylan said the following during a speech all the way back in 1922…

  
In 1904 Ida M. Tarbell wrote The History of Standard Oil, a damning book ~the tale of Standard Oil's ruthless business practices. In 1911, the corporation was found to be in violation of the Sherman Act and ordered to dissolve.

 The real menace of our Republic is the invisible government, which like a giant octopus sprawls its slimy legs over our cities, states and nation. To depart from mere generalizations, let me say that at the head of this octopus are the Rockefeller-Standard Oil interests and a small group of powerful banking houses generally referred to as the international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes.

http://www.4thmedia.org/2013/02/02/who-runs-the-world-solid-proof-that-a-core-group-of-wealthy-elitists-is-pulling-the-strings/