Thursday, June 18, 2009

Norway calls for measures against tax havens

A Norwegian government Commission of Enquiry into Capital Flight from Developing Countries has just published its report and recommendations. You can find the press release and the report itself here.

We will blog this more extensively tomorrow morning, but here is what the Commission's Chair, Professor Guttorm Schjederup says on the subject:

“Tax havens hamper growth in poor countries because they make it easier for the power elites to enrich themselves at the expense of society as a whole and undermine the establishment of effective tax systems in such countries."

We're not surprised at the report's conclusions, but delighted to have further backing for our work.


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