Ecuador tells U.N. political battle needed to address tax havens

By Hugh Bronstein | UNITED NATIONS

A political battle should be waged to bring tax havens into the light and allow governments to receive revenue currently lost in offshore accounts, Ecuador’s Foreign Minister Guillaume Long told the United Nations General Assembly on Friday.

Trillion of dollars according to some estimates are sloshing around the world’s shadowy offshore havens, money that would otherwise be available to improve government finances and, if spent wisely, benefit their populations. Read Article

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