More News

The Treasury Dodges the Question on its New Tax Loophole for Multinationals
March 8th, 2012
Yesterday ActionAid released a new report, detailing how tax changes being brought forward in the Budget could result in tax losses of £4 billion a year for poor countries and £1 billion for the UK. These changes will make it much easier for multinational companies to use tax havens to dodge their bills, particularly in the developing world.
Continue Reading
Africa’s Missing Millions/Billions/Trillions
March 10th, 2011
Earlier this week, I attended a fascinating event in parliament, called ‘Africa’s Missing Millions’. My quibble that the title should actually be ‘billions’ didn’t deter a standing-room-only crowd gathering to hear Dev Kar from Global Financial Integrity talk about his research into the vast sums of money that flow out of poor countries on a daily basis. Dev estimates that in 2008, $1.26 trillion in illicit money left developing countries.   This is a problem that’s getting worse – with outflows rising 18% each year since 2000 – particularly in Africa, which is rising by 28% a year.  Over...
Continue Reading

RT @meberazategui: Some ideas about how #G20 countries could do better in implementing their beneficial ownership principles. @DeliaFerreir
- Friday Dec 7 - 9:19am

Follow @FinTrCo