James Henry, former chief economist at McKinsey and Co., is an international expert on capital flight, tax havens, debt and corporate taxation. Mr. Henry spoke to Evan Solomon on CBC's Power and Politics regarding tax evasion in Canada.
The candidates being considered for International Monetary Fund’s new boss do not inspire much hope for an institution in need of credibility. Much of the media’s focus has been on the nationality of the candidates rather than on which capabilities are needed to address the IMF’s major challenges: shifting to a more flexible policy orientation and adapting to a changed global economy.
Article concerning lack of accountability in Canada regarding our overseas extractive sector.
Interview with Karyn Keenan, Halifax Initiative Program Officer and Gordon Peeling, President of the Mining Associati
Financial transaction tax is no bank tax
By Fraser Reilly-King
Published June 9, 2010
Big banks can finally breathe a sigh of relief.
This past weekend, Canadian Finance Minister Jim Flaherty managed to rally China, Brazil and South Korea behind him at G20 meetings in Busan, South Korea, and put those pesky discussions about a global bank tax to rest.
Instead of discussing a bank tax at this month's summit, the G20 agreed to "develop principles reflecting the need to protect taxpayers, reduce risks from the financial system, protect the flow of credit in good times and bad, taking into account individual country's circumstances and options."
In "Alternatives", April 1, 2010
T-A-X. Such a simple three letter word, and yet it elicits responses from people out of all proportion to its size. Perhaps it isn’t surprising. Taxes are scary.
But let’s not forget, as much as you may hate them, without them, we wouldn’t have public health care, education, infrastructure, police and ambulances, government, politicians…(OK, maybe scratch that one). You get the idea. Boring and controversial as they are, taxes are essential.
Three ways to pay for aid commitments
EMBASSY – Canada’s Foreign Policy Newspaper
Wednesday, February 3, 2010
Stephen Harper’s announcement that child and maternal health will be the signature theme of June’s G8 meeting is certainly timely.
Every day 1,400 women die of pregnancy-related causes. Every day 24,000 children under the age of five die of what are largely preventable causes. Progress on improving child and maternal health is the furthest off-track of the eight Millennium Development Goals (MDGs) UN member states committed to in 2000. This focus gives MDGs four and five, on child and maternal health, the push they need ahead of September’s United Nations High Level Meeting and ten year review of the MDGs.
But funding the initiative comes during difficult days – a global crisis and a budget deficit. Resources are tight.
Corporate Social Responsibility Rules for Mining Industry Blasted
by Lee Berthiaume
Published Apr. 1, 2009
The Conservative government has rejected joint civil society-private sector calls to tie diplomatic and economic support for Canadian oil, gas and mining companies operating in developing countries to socially responsible conduct abroad.
EDC Legislative Review Riles Rights Groups
Embassy - Canada's Foreign Policy Newspaper
by Michelle Collins
Leading civil society advocates are fuming that a review of Export Development Canada's business activities did little to advance the agency's obligations to human rights and transparency, and they are calling on the government to act.
KAIROS Debt E-Bulletin January 2009
Ecuador Has Every Right to Refuse to Pay Illegitimate Debts
President Rafael's Correa's decision to default on payments on a portion of Ecuador's external debts has received enthusiastic approval from social justice advocates amidst warnings of retribution from private financiers. London's /Financial Times/ accuses Correa of halting payments "on ideological grounds".
In fact, Ecuador made this decision for solid moral, legal and financial reasons that have been ignored by media reports. The default followed an exhaustive audit of Ecuador's debts that uncovered extensive irregularities and illegalities in the way the debts in question were contracted. Moreover, the decision is based on a strong moral case for repudiating illegitimate debts as affirmed by many church and civil society organizations