After a year of work, the Norwegian government publishes the Commission report official who had been commissioned in June 2008 to examine the links between tax havens and development in the South.
The size of the report is the height of ambition of the Commission: over 200 pages! Composed of officials from the Norwegian government, academics but also professionals from the private sector or justice, as Eva Joly, she has conducted numerous interviews and an extensive investigative work to take stock of the impact of tax havens and international overview of institutions involved on this issue. Beyond the facts and figures compiled in this sum, two things caught our attention.
Among the long list of recommendations, the Commission recommends the obligation to require Norwegian companies to transparency standards to report their activities on a country by country, a principle which we call the application through the International Accounting Standards as part of the campaign Holdup International .
More generally, the Commission had emphasized the role that tax havens in the denaturation of the principle that a business must be taxed in their country of residence, a source of injustice for the South in which the multinationals relocate many of their activities while they repatriate most of their profits to the North.
Worse by registering in tax havens where they have no real activity, thus definitively breaking the multinationals the principle of redistribution of wealth in the territory where they were created.
This report is full of serious thoughts and recommendations for governments wishing to act more effectively to stop the bleeding tax in South and North ...
Maylis Labusquiere (Oxfam France - Agir ici)
Read: In tax havens, 20% of deposits come from developing countries , Le Monde, June 29, 2009
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