November 21, 2017

Tag Archives: OECD

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Four Things the Paradise Papers Tell Us About Global Elites

The Paradise Papers reveal how little the world really knows about the level of tax avoidance that takes place. Read More »

London Anti-Corruption Summit 2016

Unless more pressure is applied to embrace full transparency in adopting a public central register of companies, including tax havens, the corruption and tax dodging exposed by the Panama Leaks, representing only 2% of the offshore companies registered in Panama, will continue undisturbed. Read More »

India: The Problem of Secretive Tax Havens

Panama is a tax haven, but Mauritius is one with which India has a comprehensive double tax treaty. This complicates matters more. Read More »

IMF Reform Agenda Good News for Asia

The global financial safety net needs reform. It is too small, too fragmented and too unresponsive. Reforming the safety net would benefit the Asian region provided the IMF takes a holistic approach that addresses the root causes of this fragmentation. Read More »

Is GDP Over?

Economists from rich countries increasingly agree: Sustainable development and reducing inequality matter more than economic growth. Read More »

The Davos Agenda

The richest 1% would soon own more than all the assets of the 99% of the entire world population put together. Concentrated mostly in North America and Europe, a select group of individuals, almost 77% of the 1%, have actual control.  While the emerging economies are producing rich and powerful on an accelerated basis, the global economy is not being shared equally by all sections of society. Read More »

Why ‘Womenomics’ is the Way Forward for Japan

As Japan’s labor force is already in decline, it is wasteful that women, and particularly those who have a higher education, have been underutilized. To address this, Prime Minister Shinzo Abe has set a target to increase the ratio of female managers to over 30 per cent by 2020. In response, several large firms have set similar numerical targets. Read More »

The Risk of a Jobless Recovery in Southern Europe

Financial crises are followed by significant increases in unemployment rates and the Great Recession will be no exception. Employment will not increase in earnest until overall demand in the market recovers its pre-boom strength, which will take time since the reduction of debts (also known as the deleveraging process) has barely started.   However, the financial crisis is not the ... Read More »

Illicit Financial Flows from Africa: Track it, Stop it, Get it

The figures are staggering: between $1.2 trillion and $1.4 trillion has left Africa in illicit financial flows between 1980 and 2009 — roughly equal to Africa’s current gross domestic product, and surpassing by far the money it received from outside over the same period. Illicit financial flows are money earned illegally and transferred for use elsewhere. The money is usually ... Read More »