July 23rd, 2009
One evening in November 1773, colonists disguised as Mohawk Indians threw 342 chests of tea into the Boston Harbor. Later dubbed the Boston Tea Party, the protest was in dissent of what colonists believed to be unfair taxation by the interfering British Empire. This sentiment reverberated throughout the colonies, escalating until the colonists were freed from their oppressors many years later. Little did they know, but there are easier ways to use tea to avoid taxes.
A few weeks ago I wrote a blog about illicit financial flows, which are bundles of money that are sneaked...
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July 16th, 2009
Today, the UK Department for International Development released its annual report, which sums up the work that DFID has done over the past year. Douglas Alexander, Secretary of State for International Development, said in a
statement:
"The achievements highlighted here have helped to transform lives for the better. Thanks to DFID's work in 2008, more than three million children have been vaccinated against measles - a disease which continues to claim lives across the developing world. We have helped train over 100,000 teachers, provided clean water to almost a million people, and given more...
July 16th, 2009
On several occasions we have written about a report produced by the Oxford Centre for Business Taxation, which is critical of estimates of illicit flows and other offshore-related phenomena published by TJN and its colleagues.
Professor Michael Devereux of the Centre
has replied in the
Financial Times to an
earlier letter from TJN and its partners. Devereux’s riposte says little of interest, but accuses us of seeking “to spread innuendo about the messenger rather than to engage in constructive debate about the research” – without noting that the letters page of a newspaper – ours was just...
July 15th, 2009
Finance Minister Pranab Mukherjee on Tuesday said that New Delhi has initiated a dialogue with Swiss authorities to obtain information on Indian black money stashed away in banks there — an issue that had raised much political heat during the elections with BJP leader L K Advani making it a major poll plank.
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