The UK government imposed direct rule on Turks and Caicos, its former Caribbean colony, today amidst rampant corruption charges against the local government. From the AP:
The British government said it had suspended the government and legislature and put the London-appointed governor in direct charge of the islands about 500 miles (800 kilometers) southeast of Florida.
...
British Foreign Office Minister Chris Bryant said the suspension could last up to two years while governor Gordon Wetherell "put the Islands' affairs back in good order." He said elections for...
The FCPA Blog has just posted a great timeline which summarizes all of the major developments in the enforcement of the US Foreign Corrupt Practices Act (FCPA) - the law which forbids US companies from bribing foreign officials - over the past couple of weeks.
Check it out here...
My friend, Richard Murphy, has pointed out that India is planning to overhaul its tax code in a dramatic attempt to fight tax evasion and improve tax revenue. From the FT:
India’s government is planning a big shake-up of its archaic tax system in a bid to curb widespread evasion as it confronts a sharply widening fiscal deficit amid expanding social welfare programmes.
The plan, announced by Pranab Mukherjee, the finance minister, aims to foster greater compliance with tax laws by lowering key corporate and personal income tax rates, simplifying...
GFI's director of Government Affairs and legal counsel, Heather Lowe, appeared on Fox Business Channel this morning to discuss the implications of the UBS settlement. Check it out below:
