Tax Havens

UN Must Fight Tax Evasion, Says UN Expert

A UN Human Rights Expert has called on the international community to fight tax evasion and abolish tax havens that siphon off essential resources from human rights protection and global development.

Developing countries left out of global tax decisions

Over one hundred developing countries continue to be left out of global tax cooperation negotiations despite leaks such as the Panama papers showing the high cost of tax avoidance.

Momentum Builds in U.S., Beyond to End Corporate Tax Evasion

The U.S. government’s main watchdog on Monday reported that U.S. corporations are paying taxes on less than half of their declared income, largely due to dozens of tax breaks that have come under increased scrutiny in recent months.

U.S. Firms Stash Tens of Billions in Tax Havens, Govt Says

The research arm of the U.S. Congress is warning that U.S. corporations’ use of tax havens has risen substantially in recent years, with companies offering massively inflated profit reports from small countries with loose tax regulations.

Uphill Struggle for Caribbean Financial Services Sector

In the 1980's, Caribbean countries wanted to shore up their prospects of social and economic development in the coming decades, so they looked to the financial services sector to spur employment and development. They managed to develop a robust industry, particularly in the Bahamas and the Cayman Islands.

Helsinki Boycotts Tax Havens

The City of Helsinki added its voice to a growing global call against corporate tax evasion with the passage of a new responsibility strategy that leaves no room for unethical business practices.

Bankers or ‘Banksters’?

European media, political leaders, and the citizenry are bashing bankers again, overtly calling them at best accomplices of numerous illegal activities, at worst downright criminals.

Billions of Development Dollars in Private Hands

With governments and international institutions focusing increasingly on a stronger role for the private sector in development aid, a new report by the European Network on Debt and Development (Eurodad) released yesterday suggests there is good reason to doubt this approach.

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