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The Saker
A bird's eye view of the vineyard

offsite link The Great Reset. Our way. Mon Oct 19, 2020 14:29 | amarynth
By Katerina for the Saker Blog In this one, which I promise to be the very LAST of my essays, I would like, first of all, to do a short

offsite link Bolivia ? The people won, against all the odds, the people still won Mon Oct 19, 2020 09:00 | amarynth
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offsite link Tiktok ? How Trump Failed America Sun Oct 18, 2020 23:03 | amarynth
By Allen Yu for the Saker Blog Donald Trump was elected with a mandate to make deals and ?drain the swamp.? I had my doubts he could make a difference

offsite link There won?t be an Iran October Surprise Sun Oct 18, 2020 22:43 | amarynth
by Pepe Escobar and first posted at Asia Times No Washington-designed ?maximum pressure? has been able to derail a crucial milestone this Sunday: the end of the UN arms embargo

offsite link Moveable Feast Cafe 2020/10/17 ? Open Thread Sun Oct 18, 2020 00:00 | Herb Swanson
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Public Inquiry
Interested in maladministration. Estd. 2005

offsite link A Woulfe in judges clothing

offsite link Sarah McInerney and political impartiality Anthony

offsite link Did RTE journalists collude against Sinn Fein? Anthony

offsite link Irish Examiner bias Anthony

offsite link RTE: Propaganda ambush of Sinn Fein Anthony

Public Inquiry >>

Developing Countries Lose Trillions from Crime and Tax Abuse, Says UN Panel

category international | politics / elections | press release author Thursday September 24, 2020 19:55author by Zach Conti - Jubilee USA Report this post to the editors

A high-level United Nations panel report says global policies are needed to prevent trillions of dollars escaping developing countries through tax abuse and corruption. The UN group includes former heads of state, past central bank governors, business leaders and prominent academics.

A high-level United Nations panel report says global policies are needed to prevent trillions of dollars escaping developing countries through tax abuse and corruption. The UN group includes former heads of state, past central bank governors, business leaders and prominent academics. "As countries combat the health and economic impacts of the coronavirus, they could use the lost revenues from tax avoidance, crime and corruption," stated Eric LeCompte, United Nations finance expert and Executive Director of the religious development group Jubilee USA Network. "Countries can emerge from the pandemic with resilience and fund public services if we can curb these staggering revenue losses." The United Nations High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel), reported that around $1.6 trillion is laundered per year. Due to corporate tax avoidance in the form of profit-shifting, $500 billion is lost to governments each year globally. The UN panel report comes only days after the International Consortium of Investigative Journalists released the “FinCEN files," revealing that global banks moved more than $2 trillion over an 18-year period in suspicious transactions due to a lack of enforcement. "Hopefully the report is a wake-up call," said LeCompte. "We must move forward global agreements and policies that increase transparency in the financial system." The FACTI panel will release a final report in February 2021.  Jubilee USA Network is an alliance of more than 75 US organizations and 750 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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