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Taxing pirate banking could help eradicate world poverty
October 6th, 2010
At its annual conference last week, the Task Force on Financial Integrity and Economic Development identified concrete measures that could help developing countries to mobilise the resources needed to achieve the Millennium Developing Goals (MDGs) and go even further to help eradicate world poverty and lay the ground for a fairer global financial system. These measures include:
  • taxing the USD 15 to 20 trillion of private wealth sitting in tax havens
  • establishing accounting standards that oblige multinational companies to report their profits earned in every country
  • or setting rules for the automatic exchange of tax information between countries.
The Task Force...
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