The Economic Times of India has reported that:
The government is planning to scrutinise investments flowing in from tax havens such as Andorra, Aruba, Bahamas, Costa Rica and Dominica where investor details remain confidential due to banking policies.
According to sources in the department of industrial policy and promotion (Dipp), the government is concerned about Indian residents [...]
The Irish have a Tax Commission in progress at present. It’s latest mad idea in a country that already seems to believe that tax abuse is source of social benefit is to declare the Gaelic speaking Western Isles as tax havens. As the Irish Independent puts it:
All the Irish islands could become tax havens - [...]
I spoke at the meeting calling for tax justice in London this evening, supported by a wide range of organisations. This is what I said:
We have already heard this evening of the need for tax justice for a great many people who live in this country. I wholeheartedly agree with what has been said. But [...]
Interesting to note a report that:
UK business leaders are concerned that the Indian government could clamp down on the tax havens of Mauritius and Cyprus as it struggles to come to terms with soaring inflation and budget problems.
As the Glasgow Herald noted:
Yesterday, as published data showed that inflation in India has hit a 13-year high [...]
I haven’t written about Bono for a while, although what I have written about him remains among the regularly read pages on this blog.
It’s time I did so again. There’s good reason. I know the messages of tax justice have reached the man. I know how they got there. And in the last couple of [...]
Capital flight is now known to extract substantially more cash from the developing world than is sent there in development assistance. A new fact sheet on capital flight has been produced by a range of NGOs headed by European umbrella NGO Eurodad. As it notes:
This fact sheet provides statistics, explanations and links that Eurodad members [...]
Transparency International, India, issued this press release today. I think it worth reproducing in full:
Transparency International, India is concerned over the attitude of the Indian Government in seeking information from the German Government about millions of dollars of un-accounted-for money, belonging to the people of India, lying in Liechtenstein, a small country near Germany.
The Indian [...]
CDC plc had a letter in the Independent this morning. They said:
Sir: Few will doubt the sincerity of Christian Aid’s motives in drawing attention to child poverty in developing countries (”Tax evasion ‘costs lives of 5.6m children’ “, 12 May) but the charity misrepresents some basic facts about CDC, the UK development finance institution.
It is [...]
Christian Aid have, unbeknownst to me until this morning, put a video of part of my talk at the launch of Christian Aid week on their web site.
And before the Right howl in protest: note I say tax is a great thing when spent in the right way in the right place. That is an [...]
I know it’s the start of Christian Aid week, and I know they’re talking about tax, but it also seems to be tax avoidance day in the Guardian.
They point out that those seeking to get round the government’s proposed new rules for taxing the foreign income of companies by moving to Ireland are tax avoiders, [...]
