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

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