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Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

A Little More Transparency at EITI Can Go a Long Way

The Extractive Industry Transparency Initiative Global Meeting is underway in Sydney.  Today, EITI Chair Clare Short leads a panel discussion of a fundamental strategy review for the organization.  This a pivotal moment for EITI to take steps to create a level playing field for natural resource investors around the world, so that some outliers from China, Russia, India and elsewhere cannot operate according to different standards of transparency than their rivals.

On Taxes, Trade, Transparency—and Turf

This is a joint post with Owen Barder.

In January, David Cameron nailed his colours to the mast with a speech in Davos that set out the three Ts agenda for the UK’s chairing of the June G8 meeting: taxes, trade and transparency. Since then, there has been much discussion of how serious the agenda is and what the G8 can actually deliver.

Asset Recovery = Development Issue

As attention shifts from traditional foreign aid to private and domestic sources of finance for development, recovering stolen assets is not only a matter of justice but increasingly a development issue in its own right. That’s why organizations like the StAR initiative (a joint effort of the World Bank and UNODC) and NGOs like Transparency International and Global Witness have been making these points and successfully pushing the agenda.

The ‘End of Tax Havens’ – But Will Developing Countries Benefit?

News broke on April 9th of agreement between the UK, France, Germany, Italy and Spain to pilot “multilateral automatic tax information exchange.” In France, President Hollande went further – announcing a draft law aimed at ‘moralising’ French public life, as former budget minister Jerome Cahuzac was expelled from the governing party for repeatedly denying the existence of his Swiss bank account.

Render unto Caesar

An obscure reference to reforming the taxation of multinationals in the UK budget speech might be more important for developing countries than the big increase in aid that was announced at the same time. Mandatory ‘combined reporting’ by multinationals could enable countries to tax multinationals properly.

Hunger in Haiti in the Aftermath of Hurricane Sandy

Two months ago, Hurricane Sandy swept through Haiti, bringing winds and heavy rain that wiped away buildings, roads, crops, livestock, and fishing boats. By the time the extent of the damage and the humanitarian needs were understood, Americans had their attention fixed almost entirely on New York and New Jersey, not the Caribbean.

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