Green laundering

The Taxcast

Are banks claims about their financing of fossil fuel companies true, or are they green laundering? The Tax Justice Network has been following the money, and our investigations show how financial secrecy is allowing banks to hide the true scale of their backing for activities that are accelerating the climate crisis. It's an international scandal.

Plus: the judgment is final: Apple must now pay back taxes in Ireland of 13 billion euros, over 14 billion dollars. It's a big win for the European Commission. We discuss the implications.

Featuring: Margrethe Vestager, EU Competition Commissioner, Tax Justice Network researchers and co-suthors of the report How “greenlaundering” conceals the full scale of fossil fuel financing Franziska Mager and Alison Shultz, economist Joseph Stiglitz of the Independent Commission for the Reform of International Corporate Taxation, Tove Ryding, tax coordinator at the European Network on Debt and Development, Eurodad in Europe, and Zorka Milin, former tax lawyer and policy director at the FACT Coalition in the United States, Will Crisp of the Bureau of Investigative Journalism. Produced and hosted by Naomi Fowler of the Tax Justice Network.

Transcript of the show: https://taxjustice.net/wp-content/uploads/2024/09/Taxcast_Sept_24_Transcript.pdf

Further reading:

Our tax problem is more than just one rotten apple https://www.eurodad.org/our_tax_problem_is_more_than_just_one_rotten_apple

EU’s Apple ‘victory’ highlights the failure of international tax rules https://taxjustice.net/press/eus-apple-victory-highlights-the-failure-of-international-tax-rules/

The UN adopts ambitious mandate for three legally binding global tax deals https://www.eurodad.org/after_landslide_vote_un_adopts_ambitious_mandate_for_three_legally_binding_global_tax_deals

90 NGOs Call on Congress to End the Corporate Tax Preference for Shifting Jobs & Profits Offshore https://thefactcoalition.org/90-ngos-call-on-congress-to-end-the-corporate-tax-preference-for-shifting-jobs-profits-offshore/

How “greenlaundering” conceals the full scale of fossil fuel financing https://taxjustice.net/2024/09/11/how-greenlaundering-conceals-the-full-scale-of-fossil-fuel-financing/

Citigroup helped funnel $3.5bn to UAE state oil company https://www.thebureauinvestigates.com/stories/2024-09-13/citigroup-helped-funnel-3bn-to-uae-state-oil-company/

Our podcast website with all our podcasts https://podcasts.taxjustice.net/