In early February, Peter Gillespie of the Halifax Initiative testified before Canada's Parliamentary Finance Committee on the role of tax havens in facilitating massive financial losses to developing countries.
Group of Twenty
This article by Halifax Initiative staff argues that since the 1960s, transnational corporations (TNCs) have exploited the faultlines of the international tax system to transfer billions of dollars from Southern countries to the North. Northern governments have protected this system, but are now being challenged by citizens' groups worldwide to put an end to these abuses. Published in Third World Resurgence magazine, December 2012.
In this Op Ed, Peter Gillespie of Halifax Initiative notes how multi-national companies have employed artificial accounting methods to avoid paying taxes in the places where they do business. This problem is affecting developed and developing countries alike.
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