Tuesday, January 26, 2010

Tax evasion stifles poorest nations

As reported in The Guardian today:

"On Thursday in Paris, (UK) Treasury minister Stephen Timms will stand up at a meeting of finance and development ministers from around the world, to discuss a radical shake-up of the way multinational companies present their accounts.

Timms is due to give a presentation to the OECD conference entitled "Country-by-country reporting", setting out how a change in financial reporting standards for multinational companies could help developing countries tackle tax avoidance."

Rather than summarise, we simply urge you to read Martin Hearson's excellent article. And read more about Country by Country reporting here.


Blogger Physiocrat said...

Who is advising the ministers of these countries? Haven't they heard of taxes on fixed property? What is the matter with these people? The solution to the problem is in their own hands.

3:18 pm  

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