Analysis
Secrecy for Sale: More data from Offshore Leaks
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- Written by GFI
Readers can use new interactive database to search information about the ownership of tens of thousands of offshore entities in tax havens
The International Consortium of Investigative Journalists overnight published a database that, for the first time in history, will help begin to strip away the secrecy across 10 offshore jurisdictions.
Hunger is a taxing problem
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- Written by Olivier De Schutter
The leaders of the G8 must acknowledge the vital financial and symbolic role that tax justice has to play in tackling hunger
To address hunger, the G8 must look beyond traditional tax havens such as Monaco.
On one hand, ending hunger involves getting agriculture and nutrition policies right. But it is also about social justice, good governance, and the broader set of conditions within which targeted food strategies can work durably and for the poorest.
IMF's failure in debt restructuring
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- Written by Bodo Ellmers/Eurodad
As one moves rapidly towards alternative proposals to sovereign debt work-out, it seems that the International Monetary Fund (IMF) does not want to be sidelined on the issue. A ground-breaking new IMF study that has just been released acknowledges the failure of debt crisis management as we know it. Among the proposed solutions is a Fair and Transparent Arbitration Process, which Eurodad and our members have been campaigning for over many years.
Debunking Myths about the Tobin Tax
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- Written by Suleika Reimers/EurActiv
Interesting article on the 'myths' about the Tobin Tax c.q. Financial Transaction Tax:
http://www.euractiv.com/infosociety/ngo-opponents-tobin-tax-calm-analysis-528330
Is Kenya Being Shaped into Africa's Flagship Tax Haven?
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- Written by Gathoni Bessol and Mark Kirk
If anyone ever doubted the sheer scale of corporate greed, they had the unedifying spectacle of Tim Cook, CEO of Apple, to enlighten them last week. In already infamous evidence to a Senate Committee, he demonstrated there is no limit on what corporations will take from society. With the detachment of a sociopath, Cook said outright that he would not consider repatriating the $100bn they have hoarded offshore if it meant paying standard US corporation tax.
Read more: Is Kenya Being Shaped into Africa's Flagship Tax Haven?
UN:A world free of poverty by 2030?
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- Written by Thalif Deen
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A U.N.-commissioned high-level panel of eminent persons, led by three world leaders, has moved the goal posts for the eradication of extreme poverty and hunger: from the current 2015 deadline to a new targeted date of 2030. In a long-awaited report released Thursday, the panel called for a new global partnership - between the world's richest and poorest nations - to be underlined by "a spirit of solidarity, cooperation and mutual accountability" to battle global poverty.
(And read the UN report)
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Why is Africa poor?
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- Written by Ann Hollingshead
The Unexpected Role Of Net Resource Transfers
That Africa is poor is assumed, but rarely well explained. Generally, we—both in terms of those who study these issues and collectively as a society—have accepted the fact that Africa is underdeveloped. Yet this conclusion is neither forgone nor self-evident. Even more infuriating, it is often explained, but never sufficiently explained. That is, there are a lot of competing theories on the subject, but most fail to give a complete picture. Of course, it’s a complicated issue, so it makes sense that no one theory would prove universal. Yet, even with intense academic scrutiny, the picture is incomplete.
The G8 and the emergence of a global corporate regime for agriculture
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- Written by Ecumenical Advocacy Alliance
A sharp criticism of the G8's approach which ignores human rights and the root causes of hunger ... preparing the 'hunger summit of June 8
Africa a Net Creditor to the Rest of the World
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- Written by AfDB/GFI
New African Development Bank-GFI Joint Report
Net Resource Transfers Out of Africa Range from US$597 Billion to US$1.4 Trillion from 1980 through 2009
Unrecorded Illicit Financial Outflows from The Continent Ranged from US$1.22-1.35 Trillion from 1980-2009, Swamping Recorded Financial Transactions
Net Resource Deficit, Illicit Outflows Seriously Undermine Development
A new joint report by the African Development Bank (AfDB) and Global Financial Integrity (GFI), launched officially on Wednesday, May 29, 2013 at the 48th AfDB Annual Meetings in Marrakech, Morocco, reveals that the African continent has been a long-term net creditor to the rest of the world. The report, finds that Africa suffered between US$597 billion and US$1.4 trillion in net outflows between 1980 and 2009 after adjusting net recorded transfers for illicit financial outflows.
Developing World to Dominate Global Investment by 2030
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- Written by Carey L. Biron/IPS
Over the next decade and a half, a major global shift will result in the developing world controlling roughly half of the world's capital, up from less than a third today.
According to new scenarios released Thursday by the World Bank, developing countries could control some 158 trillion dollars (at 2010 rates) by 2030, particularly in East Asia and Latin America. By that time, the developing world could account for 87 to 93 percent of global growth.
Read more: Developing World to Dominate Global Investment by 2030
