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Tax Justice Network reports 2012 - responses & non-responses by banks

In September 2012 Business & Human Rights Resource Centre invited the banks listed below to respond to three items by Tax Justice Network:

- “Revealed: global super‐rich has at least $21 trillion hidden in secret tax havens, Tax Justice Network”, 22 Jul 2012

- “The Price of Offshore Revisited: Key Issues”, 22 Jul 2012

- “The price of offshore revisited”, Jul 2012

These items allege that a number of banks aid the rich to avoid taxes, leading to the flow of capital out of developing countries, depriving their governments of essential revenues that they need to deliver on fundamental human rights, including health, education and housing.

Business & Human Rights Resource Centre invited the following banks to respond to the concerns raised: 

Company Responses

ABN Amro View Response
Bank of America

No Response

Barclays View Response
BNP Paribas View Response
Citigroup

No Response

Crédit Agricole View Response
Credit Suisse View Response
Deutsche Bank

No Response

Goldman Sachs View Response
J.P. Morgan (part of JPMorgan Chase)

No Response

Julius Baer

No Response

Lombard Odier

No Response

Morgan Stanley

No Response

Morgan Stanley

No Response

Société Générale

No Response

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