Tag Archives: taxes

Links: Transparency Intl.; Financial Secrecy; Social Sciences Funding

First, a warning to all visiting researchers in Germany, who might entertain false hopes based on this year’s relatively friendly October:

winter

OK, back to business… three links today, and all of them are about money:

Transparency International celebrates its 20th anniversary in Berlin. Tomorrow there will be a conference followed by the ceremony for this year’s “Integrity Awards”. The full program is here. As far as I know, the event is fully booked, but there will be a live stream. On Twitter, they use the hashtag #TIat20

The Tax Justice Network published the 2013 Financial Secrecy Index (FSI):

The Financial Secrecy Index ranks jurisdictions according to their secrecy and the scale of their activities. A politically neutral ranking, it is a tool for understanding global financial secrecy, tax havens or secrecy jurisdictions, and illicit financial flows.

The ranking covers many of the usual suspects, but its design is geared to put pressure on countries that are not usually called “tax havens”. Germany and the U.S. get spots among the top-10 offenders because the FSI ranking reflects two factors: (1) how much secrecy a jurisdiction offers, and (2) how big the country’s share of global financial services is. This leads to lower ranks for very secretive, but tiny places. So if you have a lot of cash to hide, you should rely on the fourth column, not the third.

From the PDF version of the Finanscial Secreacy Index 2013. Unfortunately, the online version isn't prettier.
Slightly cropped screenshot from the PDF version of the Financial Secrecy Index 2013. Unfortunately, the online version isn’t prettier. Maybe they could hire a designer for 2014?

U.S. Senator Elizabeth Warren wants to help secure federal funding for research in the social sciences.  Henry Farrell at the Monkey Cage summarizes:

As Warren points out, people are prepared to pay for social science data. The problem is that the buyers aren’t interested in finding out what is true. They are interested in pushing results that will promote their economic interests.

Is there a middle ground between ivory-tower academics (who have a long record of producing practically irrelevant output) and politically motivated donors (who cherry-pick researchers and results in line with their agenda)?

As illustrated by the fact that I’m posting this directly after two reports about advocacy groups publishing social science research, this is an important debate!

Wealth, income, (in)equality

If you have some Facebook or Twitter friends who study social sciences, chances are you have seen a certain video on “Wealth inequality in America” already: Which percentiles of the population own which share of wealth?

wealth-1

I have two problems with this six-minute clip. First, it does not sufficiently explain the underlying data: The poll results are not as clear as it seems, and the video lacks comparisons to other countries. Second, more importantly, the clip fails to acknowledge that wealth is almost per definition distributed in a highly unequal way. Continue reading Wealth, income, (in)equality