In Afghanistan’s northeastern province of Badakhshan, two rival warlords – both allegedly with ties to the Taliban – are competing to control the illegal mining and smuggling of the valuable lapis lazuli mineral.Read More
Tax havens? Crime havens is a far more accurate description.
Yes, the “Panama Papers” have generated discussion about multinational corporations using holding companies registered in tiny islands from Bermuda to Vanuatu. The function of these companies is to help the corporations avoid taxes. Aided by clever (and no doubt highly paid) lawyers and accountants, such activities may just be legal, even if this raises some ethical questions.Read More
Across the globe stride powerful people in government and business who operate as if they are above the law. They steal vast sums, live in extravagant luxury and arrogantly manipulate the systems and processes of justice in their favor. They are the untouchable kleptocrats. It is time they were brought to justice.Read More
Public trust in the biggest banks is low. I have 10 specific recommendations to cure the banks of their evil ways. Bankers will not like most of my proposals, but the time has come for radical reform.Read More
The more you dig into the details of the prosecutions that have been announced into world football (what is called soccer in the U.S.), so the more one understands the staggering scale of the conspiracies. “Let me be clear: this indictment is not the final chapter in our investigation,” stated Acting U.S. Attorney Kelly T. Currie of the Eastern District of New York. Indeed, there are likely to be many more cases, not just in the U.S. and Switzerland, but in other countries as well.Read More
Finance Ministers of the Group of 20 leading global economies agreed to take measures against tax avoidance by giant global corporations at their meeting in Australia on September 20. This now needs to be seen by the G20 as a stepping stone towards far tougher and meaningful actions against illegal tax evaders, corrupt corporations and financial institutions that launder money for corrupt officials, politicians, criminal organizations and businesses.