Shine the Light Intro
While aid is accelerating progress toward the achievement of the MDGs, corruption is acting as a brake.....
While aid accelerates progress to end poverty, corruption and tax evasion acts as a brake. Developing countries lose vast amounts of money each year due to tax evasion, corruption and illicit financial flows. Most of the money that is taken illicitly from developing countries is not stolen by corrupt politicians and dictators, but rather through the tax dodging of large multinational corporations.
In 2008 alone, developing countries lost more than USD 160 billion through corporate tax evasion. This figure – a conservative estimate of just one form of tax evasion – dwarfs the USD 120 billion these countries received in aid in the same year.
Help us remove the brake on progress by shining the light on tax evasion and corruption.
22 May, 2013
After all the attention focused on aid delays... Read More
14 May, 2013
In an unusual move, most of the big news about... Read More
13 May, 2013
I must confess, it feels a bit like groundhog... Read More