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MForstater's profile
Maya Forstater
Maya Forstater
Maya Forstater
@MForstater

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Maya Forstater

@MForstater

Business and sustainable development. Accountability. Tax. Feminist test case. Media: Tom Gardner at Slater & Gordon 0207 657 1690 press@slatergordon.co.uk

https://medium.com/@MForstater
hiyamaya.net
Joined September 2008

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    1. Maya Forstater‏ @MForstater Jul 23
      • Report Tweet

      Maya Forstater Retweeted Oxfam in West Africa

      [Tax] Oh @Oxfam. Oh @icij.... really?? really?? So Bob Geldof has a private equity company which invests in firms in Africa, and it structures through Mauritius (along with all the DFIs, IFC etcc) ...and....waves hands..."leak exposes multinationals siphoning tax revenues"https://twitter.com/oxfamwestafrica/status/1153602853631602688 …

      Maya Forstater added,

      Oxfam in West Africa @oxfamwestafrica
      After #PanamaPapers, #MauritiusLeaks reveal #Africa is losing crucial tax revenues to tax haven of Mauritius – 📄📃Oxfam reaction > https://www.oxfam.org/fr/salle-de-presse/reactions/revelations-mauritiusleaks-lile-maurice-un-paradis-fiscal-qui-fait-perdre … Stay connected ! https://twitter.com/ICIJorg/status/1153518271271964674 …
      2 replies 3 retweets 10 likes
      Show this thread
    2. Maya Forstater‏ @MForstater Jul 23
      • Report Tweet

      So what is the big leak, the smoking gun? Its an email from the lawyers saying they were doing something 'for tax reasons'. Thats it. Companies do things for tax reasons all the time. If you were making a big international investment & not thinking about tax u would be negligentpic.twitter.com/ci6WErN7DN

      2 replies 4 retweets 10 likes
      Show this thread
    3. Maya Forstater‏ @MForstater Jul 23
      • Report Tweet

      Everyone does things 'for tax reasons'. Even Oxfam. Are there more serious things in @ICIJorg 's analysis than this non-story about Bob Geldof? I don't know, but they chose to run them down the page.

      2 replies 1 retweet 5 likes
      Show this thread
      Maya Forstater‏ @MForstater Jul 23
      • Report Tweet

      A good time for a retweet of @CarterPaddy 's paper Why do Development Finance Institutions Use Offshore Financial Centres.https://www.odi.org/publications/10967-why-do-development-finance-institutions-use-offshore-financial-centres …

      5:45 AM - 23 Jul 2019
      • 2 Retweets
      • 5 Likes
      • Michael Shaw Joseph Kraus Ian C Davies Zoe Paul Ern Malley
      3 replies 2 retweets 5 likes
        1. New conversation
        1. Paddy Carter‏ @CarterPaddy Jul 23
          • Report Tweet
          Replying to @MForstater @ICIJorg

          IMO the crucial distinction is between using OFCs to reduce tax liabilities at source (e.g. Uganda) and using them as homes for intermediaries that do not themselves attract tax. Some of the commentary I've seen on this is mixing these up. Former is bad, latter is OK, IMO.

          2 replies 0 retweets 1 like
        2. Maya Forstater‏ @MForstater Jul 23
          • Report Tweet
          Replying to @CarterPaddy @ICIJorg

          How about using them to reduce WHT on normal interest (cos putting an import tariff on the cost of borrowing is not such a good idea....). I know there are pros & cons to WHT administratively/economically & DTAs may be exploited for BEPS but not sure all source reduction is 'bad'

          1 reply 0 retweets 0 likes
        3. 1 more reply
        1. Paddy Carter‏ @CarterPaddy Jul 23
          • Report Tweet
          Replying to @MForstater @ICIJorg

          I should re-read that, see if there's anything I would change now

          0 replies 0 retweets 1 like
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        3. New conversation
        1. Sol Picciotto‏ @SolPicciotto Jul 24
          • Report Tweet
          Replying to @MForstater @ICIJorg @CarterPaddy

          I think more relevant is this World Bank paper https://www.imf.org/en/Publications/WP/Issues/2018/10/24/The-Cost-and-Benefits-of-Tax-Treaties-with-Investment-Hubs-Findings-from-Sub-Saharan-Africa-46264 … which estimates that African countries have lost 15-25% of their corporate tax revenues due to conduits, particularly Mauritius, with no evidence of increased investment flows

          1 reply 0 retweets 0 likes
        2. Paddy Carter‏ @CarterPaddy Jul 24
          • Report Tweet
          Replying to @SolPicciotto @MForstater @ICIJorg

          Paddy Carter Retweeted Paddy Carter

          Yes that's a great paper but if you will forgive me I don't think my paper is less relevant. For example, my paper makes this relevant point:https://twitter.com/CarterPaddy/status/1153677326170972168?s=20 …

          Paddy Carter added,

          Paddy Carter @CarterPaddy
          Replying to @MForstater @ICIJorg
          IMO the crucial distinction is between using OFCs to reduce tax liabilities at source (e.g. Uganda) and using them as homes for intermediaries that do not themselves attract tax. Some of the commentary I've seen on this is mixing these up. Former is bad, latter is OK, IMO.
          1 reply 0 retweets 1 like
        3. 3 more replies

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