• Associate Sponsor

UN expert urges next UN chief to focus on ending tax havens

He said the United Nations ``must no longer tolerate the scandal of secrecy jurisdictions that facilitate tax evasion, corruption and money-laundering.''

By: AP | United Nations | Published: October 22, 2016 7:20 am
un, un chief, un secretary general, un tax havens, Antonio Guterres, new un chief, Antonio Guterres United nations, world news Alfred de Zayas, UN independent expert on international order, hold a news conference calling for the abolition of tax havens, Friday, Oct. 21, 2016, at UN headquarters. (Source: AP Photo)

A UN human rights expert is urging the next UN secretary-general to make the elimination of tax havens a priority to ensure that corporations, billionaires and “kleptocrats” pay their fair share of taxes.

Alfred de Zayas, an American law professor, also urged Antonio Guterres, who will succeed Ban Ki-moon as UN chief on Jan. 1, to call a world conference on phasing out these offshore havens.

He said the United Nations “must no longer tolerate the scandal of secrecy jurisdictions that facilitate tax evasion, corruption and money-laundering.”

De Zayas told a news conference Friday after presenting his new report to the UN General Assembly that governments lose $3 trillion every year in tax evasion and tax avoidance schemes “and most perpetrators have enjoyed immunity.”

For all the latest News Briefs News, download Indian Express App

  1. No Comments.
Adda