Thursday, April 18, 2019

Business / November / 2017

European aid-financed investors’ tax principles ‘weak,’ says Tax Justice Network

The branch organisations for European development finance institutions (DFIs) have drafted six new principles for responsible tax in developing countries. The advocacy research group Tax Justice Network is “shocked at how weak” the proposals are.

Struggling to breathe life into Finnish UN business

Finnish companies’ sales to the UN system have virtually crashed over the past five years. The Foreign Ministry in Helsinki is working hard to reverse the negative trend.

Paradise Papers sweep IFU, Finnfund into tax haven storm

The use of tax havens by two Nordic aid-financed funds is under scrutiny after leaked confidential documents known as the Paradise Papers show that their investments in a joint forest plantation investment in Asia were routed through Cayman Islands.

Norfund, Swedfund pledge to scrutinise partners, but not to reveal their names

Secrecy and transparency are at the core of the debate over Development Finance Institutions’ (DFIs) use of tax havens for routing investments to developing countries. Søren ...