Friday, October 29, 2010

Singapore among world's most corrupt nations

Singapore is the world's eighth most corrupt nation, according to our rankings. It is a haven for secrecy and one of the biggest, and fastest-rising, sinks for illicit, tax evading and criminal loot from developing and other countries around the world. Just look here to see some of the things that Singaporeans have been saying about their country, for instance.

So we are distressed to see Transparency International's Corruption Perceptions Index (CPI) ranking Singapore as the world's "cleanest" country, alongside Denmark and New Zealand. It is not the cleanest. It is one of the dirtiest.

Transparency International, to be fair, has supported the Financial Secrecy Index, which is in the process of being updated (though results won't be out any time soon.) But this CPI is showing a very false picture of what is really going on in the world.

Read more on what corruption really means, from a tax justice perspective, here and here.


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