November 4th, 2010
Oxfam International has
released a new report calling on the G20 to make the connection between secrecy jurisdictions and the harm they do to developing countries.
Section 5 of
the report states:
All countries should be able to generate their own income by promoting fair taxation. Yet currently, many countries are constrained in their attempts to raise resources domestically or to apply appropriate tariffs because of problems in the international system.
At the G20 London Summit in 2009, leaders promised to stand together against tax evasion and avoidance. The G20 should honour its commitments to tackle the tax havens that...
November 3rd, 2010
NEW DELHI: Ahead of G20 meet in South Korea, think-tank Oxfam said the bloc of 20 countries should devise methods to tackle tax havens, so that the interest of developing nations could be protected.
Continue Reading
September 9th, 2009
This picture, dug out of a new report from Oxfam-France, tells it all. This is why development organisations are getting interested in the offshore system and international tax matters, at last.
It is the visual counterpart of the sentence uttered by Raymond Baker of Global Financial Integrity in Washington, comparing foreign aid inflows to developing countries with the secret outflows:
"for every $1 that we have been generously handing out across the top of the table, we in the West have been taking back some $10 of...
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:
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...
