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DanWatch: Escaping Poverty, Or Taxes?
October 31st, 2011
The World Bank’s private-sector entity – the International Finance Corporation (IFC) – seeks to increase tax payments to the government in developing countries through supporting their natural resource projects. This report documents that this aim can be undermined by IFCclients’ tax planning. IFC’s response is that “it is not likely to be true in almost
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Eurodad: The Private Turn In Development Finance: Effective For Development?
May 5th, 2011
The global financial and economic crisis has accelerated vast transformations in the current landscape of development finance. While ODA budgets are increasingly under threat, public development finance is increasingly being used to leverage private financial resources. This is taking place at a time when the patterns in private flows are swiftly changing – including through
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Illicit Financial Flows From Developing Countries: 2000-2009
January 16th, 2011
In December 2008, Global Financial Integrity (GFI) published a report entitled Illicit Financial Flows from Developing Countries: 2002-2006 (referred to as the 2008 IFF report). The 2010 IFF report is an update of the first with the added value of a focus on Asia. This study analyzes outflows from Asia in somewhat greater depth with particular reference to
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Tax Us If You Can: Why Africa Should Stand Up For Tax Justice
January 15th, 2011
Tax is the foundation of all civilisations. The act of tracing tax policies and practices reveals the history of the relationship between the ruler and the ruled, state and citizen. In Africa this relationship can be traced back over millennia. For instance, Egypt’s famed Rosetta Stone, created in 196 BC during the Ptolemaic era, was an agreement granting a tax exemption to priests, and
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