Oxfam Highlights Need to Deal with Tax Havens; Pushes CbC Reporting, Automatic Exchange
September 8th, 2009
In its statement to the G20 this weekend, Oxfam International highlighted the need to crack down on tax havens as a development and human rights imperative. From Oxfam:
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Reforming tax havens alone could release $160bn, reallocating an already agreed IMF bailout could free up another $89bn, and introducing a currency transaction tax could raise at least a further $30bn – each a significant sum to help poor people suffering in the crisis.
The money is desperately needed to prevent the crisis derailing efforts to reduce poverty as developing countries suffer job...