the Allegheny and Monongahela rivers, where they merge to form the Ohio river
Wednesday, September 26, 2007
Tuesday, September 25, 2007
Tax Evasion by the numbers: US & global
Amount of assets experts estimate that wealthy Americans have in offshore accounts: $1.6 trillion.
Amount estimated of illegally evaded taxes by US individuals each year by using offshore tax schemes: between $40 and $70 billion.
Amount estimated by the IRS that corporations evade by using offshore tax schemes: $30 billion.
Percentage of offshore tax haven account holders estimated to be engaged in tax evasion by the owner of the bank: 100.
Percentage who are US citizens: 95.
Number of entities established by Enron in the Cayman Islands: 441.
Ratio of land in the Cayman Islands to New York City: 1:3.
Ratio of population in the Cayman Islands to New York City: 1:172.
Percentage of their foreign profits US-based multinational corporations attributed to offshore jurisdictions in 2002: 58.
Amount of their foreign profits attributed to offshore jurisdictions: $150 Billion.
Amount in 1999 attributed to offshore jurisdictions: $88 billion.
Global figures
Total asssets of high net worth individuals (HNWIs): $38 trillion.
Total HNWI assets $trn % held offshore
North America 16.2 less than 10
Europe 10.3 20-30
Asia-Pacfic and Middle East 10.2 Japan < 10, Other Asia 30, Mideast 70
Latin America 1.3 More than 50
World Total 38.0
Amount in assets estimated to be held in offshore accounts by high networth individuals globally: $12 trillion.
Amount of income those offshore assets would generate at a 7.5% rate of return: $860 billion a year.
Amount of tax loss as a result of it being held offshore and evading taxes: $255 billion.
Amount of all global trade estimated to be routed through tax havens: half.
Size of global money-laundering transactions: $640 billion to $1.6 trillion, 2 to 5 percent of global GDP.
Amount paid in bribes each year: over a trillion dollars.
The Developing World
Amount that poorer countries forego in revenues annually, due to tax avoidance and tax evasion: $385 billion.
The relationship of that $385 billion to the OECD countries' official development assistance to the entire world: nearly four times.
Amount of capital flight from Africa from 1970-1996: $274 billion.
Relationship of that figure, with interest, to total debt owed by those countries in 1996: 145%. The amount of money that was stolen or misused by past rulers in Nigeria: around $400 billion.
Relationship of that figure to the amount of foreign aid for the entire continent: about the same.
Source:Tax Justice Network USA
Amount estimated of illegally evaded taxes by US individuals each year by using offshore tax schemes: between $40 and $70 billion.
Amount estimated by the IRS that corporations evade by using offshore tax schemes: $30 billion.
Percentage of offshore tax haven account holders estimated to be engaged in tax evasion by the owner of the bank: 100.
Percentage who are US citizens: 95.
Number of entities established by Enron in the Cayman Islands: 441.
Ratio of land in the Cayman Islands to New York City: 1:3.
Ratio of population in the Cayman Islands to New York City: 1:172.
Percentage of their foreign profits US-based multinational corporations attributed to offshore jurisdictions in 2002: 58.
Amount of their foreign profits attributed to offshore jurisdictions: $150 Billion.
Amount in 1999 attributed to offshore jurisdictions: $88 billion.
Global figures
Total asssets of high net worth individuals (HNWIs): $38 trillion.
Total HNWI assets $trn % held offshore
North America 16.2 less than 10
Europe 10.3 20-30
Asia-Pacfic and Middle East 10.2 Japan < 10, Other Asia 30, Mideast 70
Latin America 1.3 More than 50
World Total 38.0
Amount in assets estimated to be held in offshore accounts by high networth individuals globally: $12 trillion.
Amount of income those offshore assets would generate at a 7.5% rate of return: $860 billion a year.
Amount of tax loss as a result of it being held offshore and evading taxes: $255 billion.
Amount of all global trade estimated to be routed through tax havens: half.
Size of global money-laundering transactions: $640 billion to $1.6 trillion, 2 to 5 percent of global GDP.
Amount paid in bribes each year: over a trillion dollars.
The Developing World
Amount that poorer countries forego in revenues annually, due to tax avoidance and tax evasion: $385 billion.
The relationship of that $385 billion to the OECD countries' official development assistance to the entire world: nearly four times.
Amount of capital flight from Africa from 1970-1996: $274 billion.
Relationship of that figure, with interest, to total debt owed by those countries in 1996: 145%. The amount of money that was stolen or misused by past rulers in Nigeria: around $400 billion.
Relationship of that figure to the amount of foreign aid for the entire continent: about the same.
Source:Tax Justice Network USA
Sunday, September 23, 2007
my life
Experience
1999–2002 Ministry of Finance Turkey Tax Auditor Assistant
* Audited companies and prepared tax examination reports.
* Took part in a tax auditing team.
2002–Present Ministry of Finance Turkey Senior Tax Inspector
* Audited large-scale companies operating in the area ranging from textile to banking and prepared tax examination reports.
* Audited two anti-money laundering operations' financial phase.
* Participated in an extensive tax auditing for collection program in Turkey.
* Modified pre-existing course curricula for tax inspector assistants.
* Auditing companies and preparing tax examination reports. Represented Ministry of Finance in some tax conflicts in Turkish Court of Appeal.
* Participated in a Twinning Project Team between England, Germany and Turkey as an auditor of Turkey.
Education
1994–1998 Ankara University Ankara, Turkey
* Bachelor of Science, Public Administration, awarded in Summer semester 1998
1999 - 2000 Ministry of Finance Auditing Board
* Tax Auditing Authorization Certificate, attended 8 months auditing program, which consisted of auditing, accounting, financial management, capital market law, tax revision and reporting, all tax laws, and public finance, awarded April 2000.
Special Skills
* Computer Skills. Full competency in MS Windows systems and Microsoft Office applications including Word, Excel, Access and PowerPoint.
* Writing Skills. Wrote 201 tax examination reports. Prepared copy for annual reports. Wrote 7 tax and finance related articles. Translated 13 articles about world economy.
Awards and Achievements
* Passed “Tax Auditing Authorization Exam” and received “Authorized Assistant Tax Inspector” awarded by Ministry of Finance of Turkey, November 2000.
* Passed “Tax Auditing Competency Exam” and received “Tax Auditor” award by Ministry of Finance of Turkey, May 2002.
Interests
* Taking Photograph.
* Reading Books(especially on economics and history)
* Football, Formula 1, NBA.
1999–2002 Ministry of Finance Turkey Tax Auditor Assistant
* Audited companies and prepared tax examination reports.
* Took part in a tax auditing team.
2002–Present Ministry of Finance Turkey Senior Tax Inspector
* Audited large-scale companies operating in the area ranging from textile to banking and prepared tax examination reports.
* Audited two anti-money laundering operations' financial phase.
* Participated in an extensive tax auditing for collection program in Turkey.
* Modified pre-existing course curricula for tax inspector assistants.
* Auditing companies and preparing tax examination reports. Represented Ministry of Finance in some tax conflicts in Turkish Court of Appeal.
* Participated in a Twinning Project Team between England, Germany and Turkey as an auditor of Turkey.
Education
1994–1998 Ankara University Ankara, Turkey
* Bachelor of Science, Public Administration, awarded in Summer semester 1998
1999 - 2000 Ministry of Finance Auditing Board
* Tax Auditing Authorization Certificate, attended 8 months auditing program, which consisted of auditing, accounting, financial management, capital market law, tax revision and reporting, all tax laws, and public finance, awarded April 2000.
Special Skills
* Computer Skills. Full competency in MS Windows systems and Microsoft Office applications including Word, Excel, Access and PowerPoint.
* Writing Skills. Wrote 201 tax examination reports. Prepared copy for annual reports. Wrote 7 tax and finance related articles. Translated 13 articles about world economy.
Awards and Achievements
* Passed “Tax Auditing Authorization Exam” and received “Authorized Assistant Tax Inspector” awarded by Ministry of Finance of Turkey, November 2000.
* Passed “Tax Auditing Competency Exam” and received “Tax Auditor” award by Ministry of Finance of Turkey, May 2002.
Interests
* Taking Photograph.
* Reading Books(especially on economics and history)
* Football, Formula 1, NBA.
Wednesday, September 19, 2007
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