Governments are failing to tackle international money laundering and tax fraud because police don’t have the tools to track down the owners of companies suspected of criminal activity, a new report by Transparency International claims.
Poor nations are being robbed of revenues worth $416 billion per year by 'illicit financial flows’, money that is illegally or abusively earned, transferred or used around the world, Christian Aid has estimated.
The world’s largest economies are still moving too slowly to ensure that citizens and law enforcement can find out who really owns companies operating within their borders.
Following the double murder of journalist Ján Kuciak and his partner, Martina Kusnirova the Secretary- General of Reporters Without Borders has called on the Slovak Prime Minister to express regret and apologise for insulting journalists " on several occasions".
Governments must take five immediate steps to stop corporations and the super-rich cheating poor countries out of over $170 billion in tax revenues every year, says Oxfam.
With links to the Queen, Donald Trump and the Premier League, the Paradise Paper leaks, revealing the secrets of off-shore tax havens, shows just how endemic this Global system of secrecy is. "Enough is enough", says Christian Aid.
The UK’s aid watchdog has highlighted how the Department for International Development could more effectively help poor countries to tackle the tax avoidance and evasion that rob them of billions, in a new report welcomed by Christian Aid.
The UK will only successfully tackle corruption when its tax havens apply UK levels of transparency, Christian Aid said yesterday after the Queen’s Speech highlighted plans for action against money laundering, corruption and tax evasion.
Christian Aid campaigners from Witney gathered on 30 April 2016 in the Prime Minister’s constituency outside properties which are now owned in Jersey and the British Virgin Islands, to demand that David Cameron finally gets tough with the UK’s secretive tax havens.