Denmark getting on side
From Denmark's latest draft development strategy, informally translated from the Danish:
"Denmark will support the development of more effective tax systems, in order to help partner countries in the long run to be able to finance public expenses to health, education, infrastructure, water and sanitation. A larger tax income creates potential for initiatives that will also benefit poor people. Funds that illegally escape tax should be captured and be included in the financing of development in the countries. Income from natural resources should be for the benefit of the entire society. Denmark will support international efforts against tax havens and illegal financial transactions."
Bit by bit, progress is breaking out.
"Denmark will support the development of more effective tax systems, in order to help partner countries in the long run to be able to finance public expenses to health, education, infrastructure, water and sanitation. A larger tax income creates potential for initiatives that will also benefit poor people. Funds that illegally escape tax should be captured and be included in the financing of development in the countries. Income from natural resources should be for the benefit of the entire society. Denmark will support international efforts against tax havens and illegal financial transactions."
Bit by bit, progress is breaking out.
posted by TJN at 1:54 am
1 Comments:
So Denmark will be abolishing its holding regime shortly to set the tone? How about disallowing shelf companies?
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