Elites Loot Africa While Foreign Debt Mounts

Global Financial Integrity hosts an interesting article from the website, Financial Integrity Task force. It come from Yale Global. Its authors are James Boyce and Léonce Ndikumana. They say:

It was an African equivalent of stealing the Brooklyn Bridge, and for four years, nobody noticed. From 2007 to 2010, $32 billion in public funds […]

The Tax Justice Network – Tax Evasion and Developing Countries

New research published by the Tax Justice Network shows that tax evasion costs 145 countries, representing over 98% of world GDP, more than US$3.1 trillion annually.

In the UK for instance, a staggering £69.9 billion a year is lost to tax evasion in the ‘shadow economy’ – that is, 56% of the country’s total […]

Tax the banks and give to the poor, Robin Hood style.

from SMH

PETER SINGER

March 31, 2010

For the first time in history we have the ability to eradicate large-scale extreme poverty and the suffering it brings. The question is whether we have the will to do it. Growing support for a global financial transaction tax – known as the Robin Hood […]