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“Some viewers may find this content distressing” is how Oxfam GB caveats its new video on corporate tax “dodging.” But what I find most disturbing is how it oversells tax transparency as a panacea for domestic resource mobilisation in developing countries.
Rory Stewart MP gave a wise speech about how Britain can play a role in global peace and stability. In my brief response to the Minister, I suggested twelve policies which are within our control which would help create conditions for stronger, more peaceful, more prosperous countries to thrive, and so reduce the risks of future conflict and instability. Here they are.
More than a million migrants and refugees arrived in Europe in 2015, with thousands dying in the attempt to cross by sea. EU development policy has swung into action, in an attempt to address the “root causes” of the movement of people. But this rapid reaction has led to some poor decisions, with the potential to waste a lot of money, and potentially cause serious harm.
Late last week, the UK Financial Conduct Authority (FCA) released a report on the drivers and impacts of derisking by banks and other financial institutions.
Aside from lurid revelations about individual companies and the big four accounting firms, the leaks of multinationals’ tax deals with Luxembourg confirm—and expose to a wider audience—the true nature of the tax ‘competition’ that prevents the emergence of effective international rules.
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