With the exception of British Antarctica, the U.K.’s overseas territories and offshore dependencies are all surrounded by sun-winking ocean water. But that’s not their only common feature—they are all under increasing political pressure to become more transparent with their financial information. In a parliamentary report on tackling overseas corruption, the… – Continue reading
A report by the Independent Commission for Aid Impact (ICAI) has criticised the Department for International Development’s (DfiD) approach to tackling tax avoidance and its alleged failure to achieve value for money on HMRC collaboration DfiD has failed in its efforts to fully include developing countries so that they benefit… – Continue reading
Millions have pounds have gone to countries such as Belize and Anguilla UK paid out £45m to 13 countries on tax haven ‘blacklist’ in just one year Campaigners estimate use of offshore havens costs Treasury £18b a year Revelation will anger Tory backbenchers who have criticised Cameron British aid money… – Continue reading
BRITISH taxpayers forked out £45million in foreign aid spending to countries classed as tax havens in just one year, it emerged today. Nations such as Belize, Marshall Islands, Seychelles and Vanautu – which are all included on a European Commission ‘blacklist’ of international tax havens – have all received cash… – Continue reading
Developing countries must continue raising more in domestic taxes while taking advantage of wider efforts to combat tax evasion by multinationals, the IMF/World Bank annual meetings were told. Liz Ditchburn, director of policy at the UK’s Department for International Development, said initiatives such as BEPS (base erosion and profit shifting),… – Continue reading
The UK will help Ghana clamp down on tax avoidance and evasion by sharing expertise to improve their tax system. The UK will work with the Government of Ghana to tackle tax evasion so the country can raise revenues and build stronger public services, International Development Secretary Justine Greening and… – Continue reading
As part of the Small Business, Enterprise and Employment Bill which Parliament is expected to approve today, the government is attempting to implement a public register showing who really owns companies. The bill is a good example of how UK legislation can affect countries around the world, especially those in… – Continue reading
Private sector arm of DfID and other EU development institutions channel significant investments to offshore havens, study finds More than two-thirds of the investments made by the private sector arm of the UK’s aid programme last year were channelled through “notoriously secretive” tax havens, according to a report that calls… – Continue reading
