TaxPersonal Tax‘Britain, US amongst most corrupt nations’

'Britain, US amongst most corrupt nations'

Researchers say countries offer refuge for dirty money

Britain and the US should be included on the list of must corrupt countries
because of the refuge they offers for dirty money to be hidden in tax havens,
according to the Tax Justice Network (TJN).

Speaking at the Royal Geographical Society’s annual conference, John
Christensen, from the TJN, criticised the ranking of the world’s most corrupt
nations compiled annually by Transparency International, which said African
countries were the most corrupt.

He said the index used a too-narrow definition of corruption, mostly bribery.

Christensen said the index used to compile the list was too narrow, looking
mostly at bribery, but said if the ability for a country to provide tax havens
for criminal cash transfers and illicit transactions was taken into account,
then Britain, Switzerland and the US would be near the top, the Daily
Telegraph
reported.

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