‘Enough is enough’: Christian Aid blasts ‘corrupt’ offshore tax system after Paradise Papers release

Christian Aid has condemned the ‘rotten’ and ‘corrupt’ system of off-shore tax havens in the wake of the ‘Paradise Papers’ revelations and called for an end to financial secrecy, declaring ‘enough is enough’.

The aid and development charity has been campaigning for 10 years to end the financial secrecy that facilitates tax avoidance, tax evasion and corruption on the grounds that poor people in poor countries are most vulnerable to the impact of these practices.

It said that new revelations about the activities of the global giant Glencore in the Democratic Republic of the Congo demonstrate how the secrecy provided offshore can have a devastating impact in one of the poorest countries in the world, preventing development and consigning a population to a life of poverty.

Congo, where an offshore tax haven is adding to poverty, according to Christian Aid.World Vision

The Paradise Papers’ latest

... read more at: https://www.christiantoday.com/article/enough.is.enough.christian.aid.blasts.corrupt.offshore.tax.system.after.paradise.papers.release/117968.htm

by