A new report issued this morning by the UK government'sInternational Development Committee has raised concerns about the manner in which CDC - the government-owned development bank formerly known as the Commonwealth Development Corporation- has been routing investments via tax havens, and has called on HM Treasury to investigate these practices. The report also calls on CDC to adopt best practice on tax matters.
There's much more on this at TJN. But the minister, despite accepting the need for change, has asked the CEO to stay on for a year to supervise it - so perpetuating the management culture that has created so much abuse in this area. Whose side are the Tories on?
You don't need to answer that one.