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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 5 May 2018
      • Report Tweet

      Maya Forstater Retweeted Tax Justice Network

      The BVI might be responsible for global tax losses of $37.5 billion? <--lets take a look at that numberhttps://twitter.com/TaxJusticeNet/status/992685254791098368 …

      Maya Forstater added,

      Tax Justice Network @TaxJusticeNet
      The BVI alone might be responsible for global tax losses of $37.5 billion. Yes, Britain is beginning to close its tax havens. But let’s not forget it created them in the first place. A history lesson from @jechristensen56 & @anthlawson1 https://www.taxjustice.net/2018/05/04/yes-britain-is-closing-its-tax-havens-but-lets-not-forget-it-created-them-in-the-first-place/ … via @taxjusticenet
      1 reply 1 retweet 6 likes
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    2. Maya Forstater‏ @MForstater 5 May 2018
      • Report Tweet

      Its based on the assumption that the beneficial owners of 80% of value of incorporated companies are evading tax by not declaring the income to their home jurisdiction @alexcobham explains here https://www.taxjustice.net/2017/06/21/bvi-blagging-venal-income/BVI … It's a big assumption. Do you think its a reasonable guess?

      2 replies 0 retweets 2 likes
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    3. Maya Forstater‏ @MForstater 5 May 2018
      • Report Tweet

      There is some more info, for context in the @BVIFinance @CapEconomics report https://bviglobalimpact.com/global-contribution … - we are mainly talking about corporate group structuring, fund and investment businesses, joint ventures , listings and vesselspic.twitter.com/JHrWMonPR7

      1 reply 0 retweets 0 likes
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    4. Maya Forstater‏ @MForstater 5 May 2018
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      Most of the value is in the biggest companies, not in the long tail of incorporationspic.twitter.com/cXZnedBzyp

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    5. Maya Forstater‏ @MForstater 5 May 2018
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      The owners are mainly in Ching & HK, Europe (including big chunks from Russia & UK)pic.twitter.com/UqKplTByGH

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    6. Maya Forstater‏ @MForstater 5 May 2018
      • Report Tweet

      So for the 80% assumption to be true means the majority of largest owners of the large companies (mainly in places w tax information exchange agreements w BVI) are routinely evading tax by just not declaring their income from these holdings. Is that credible?

      1 reply 1 retweet 1 like
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      Maya Forstater‏ @MForstater 5 May 2018
      • Report Tweet

      (I don't know - but I'm hoping #taxtwitter can give an informed view) /ends

      8:55 AM - 5 May 2018
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        1. Dan Neidle‏ @DanNeidle 8 May 2018
          • Report Tweet
          Replying to @MForstater

          Presumably the 80% figure comes from Zucman’s estimate of the % of offshore cash that’s undeclared?

          2 replies 0 retweets 1 like
        2. Maya Forstater‏ @MForstater 8 May 2018
          • Report Tweet
          Replying to @DanNeidle

          Yes - i.e. based on the Johannsen and Zucman study of Swiss Bank deposits and the % of interest that was reported as voluntarily declared at home vs WHT under ESD https://eml.berkeley.edu//~saez/course/johannesen-zucmanAEJ14.pdf …

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