Aid Under Pressure: Support for Development Assistance in a Global Economic Downturn
June 2nd, 2009
A 2009 report by the International Development Committee of the British House of Commons.
This report by the House of Commons recognizes the devastating impact that tax havens have on developing countries, stating: “developing countries suffer disproportionately from the existence of tax havens which prevent them receiving much-needed tax revenue which they should derive from economic activity within their borders. The ending of tax havens is necessary, not only for reasons of justice but also to promote good governance and robust management of public finances in poor countries.”
The report goes on to demand that the UK take a much more proactive role in cracking down on tax havens, particularly by cracking down on the British Overseas Territories that are currently recognized as secrecy jurisdictions.