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    The IFC and Tax Havens: The need to support more responsible corporate tax behaviour

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    English paper
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    Author(s)
    Jespersen, Sara
    Publication date
    2016-04-11
    Subject
    Economics
    Inequality
    Keywords
    Inequality
    Tax havens
    Word Bank Group
    IFC
    Africa
    Finance
    
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    Publisher(s)
    Oxfam
    Document type
    Briefing note
    Description

    Oxfam analysis reveals that 51 of the 68 companies that were lent money by the World Bank's private lending arm in 2015 to finance investments in sub-Saharan Africa use tax havens. Together these companies, whose use of tax havens has no apparent link to their core business, received 84 percent of the International Finance Corporation's investments in the region last year. As the World Bank and IMF prepare for their Spring Meeting in Washington 13-15 April, and in the wake of the Panama Papers scandal which reveals how powerful individuals and companies are using tax havens to hide wealth and dodge taxes, Oxfam is calling on the World Bank Group to put safeguards in place to ensure that its clients can prove they are paying their fair share of tax.

    Pages
    20
    ISBN
    978-0-85598-702-2
    URI
    http://hdl.handle.net/10546/604842
    Additional Links
    https://policy-practice.oxfam.org.uk/publications/the-ifc-and-tax-havens-the-need-to-support-more-responsible-corporate-tax-behav-604842
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