Yves here. This Taxcast, a monthly podcast of the Tax Justice Network, manages the seemingly difficult task of making tax news accessible and engaging. Host Naomi Fowler interviews our international fraud gumshoe Richard Smith and another sometime NC guest poster, journalist Ian Fraser, on their work on Scottish limited partnerships and in particular, the damage they’ve been able to do in Moldova.
The enormous back story of Moldova and Scottish Limited Partnerships can be found here (overview), here, (the nuts and bolts of the fraud), here (the burgeoning mess of Scottish LPs) and here (the out of control company agents who created the partnerships and other companies used in the fraud, and the even bigger mess that is UK money laundering “enforcement”).
The summary of the Taxcast 30 minute podcast:
In the January 2016 Tax Justice Network podcast: What’s Scotland got to do with the plunder of Moldova? We take a look at the ‘Wild West’ of Scottish Limited Partnerships. Also, we discuss the tensions in the EU; is the net finally closing on multinational companies, the tax minimisation deals they’ve been getting from various European countries and the big four accountancy firms who advised them? Just how bad was the sell off of one of Colombia’s most profitable power generation companies? What’s former UK Prime Minister Tony Blair got to do with it? And why’s it been ignored outside Latin America? Also, we talk about the MEP who’s dragging the European Commission through the courts to get access to papers they’d rather we didn’t see. John Christensen will eat his hat if they DON’T reveal what MEP Fabio De Masi suspects they will: ‘systematic political backup for a tax avoidance cartel that costs taxpayers in the EU hundreds of billions of dollars annually.’