Tax havens and development

Commission on capital flight from developing countries

Illicit financial flows hamper development in poor countries. A government-appointed commission proposes a number of measures to reduce the adverse effects of tax havens.

Illicit financial flows hamper development in poor countries. A government-appointed commission proposes a number of measures to reduce the adverse effects of tax havens.

The Commission on Capital Flight from Developing Countries has studied tax havens and illicit financial flows from poor countries. The Norwegian Minister of the Environment and International Development Erik Solheim received on  18 June 2009 the commission’s report on tax havens and development