Category: Corruption

Havens that have become a tax on the world’s poor

(September 22, 2004) London, England: Billions of pounds, enough to pay for the entire primary health and education needs of the world’s developing countries, are being siphoned off through offshore companies and tax havens, according to a new group called Tax Justice Network.

Cambodia hopes to woo investors

(August 20, 2004) Cambodia has promised reform in an effort to attract foreign investors. Prime Minister Hun Sen said the government will reduce costs for businesses, cut bureaucracy and strengthen the rule of law. Dramatic falls in foreign direct investment, criticisms from the World Bank over corruption and a fall in the forecast growth rate prompted the move.