Menu Search Facebook Twitter
Search Close
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers

UN Expert Urges Next UN Chief to Focus on Ending Tax Havens

A U.N. human rights expert urged the next U.N. secretary-general on Friday to make the elimination of tax havens a priority to ensure that corporations, billionaires and "kleptocrats" pay their fair share of taxes

Secrecy jurisdicitions facilitate tax-evasion, corruption and money-laundering, photo: Flickr
11 months ago

UNITED NATIONS — Alfred de Zayas, an American law professor, also urged Antonio Guterres, who will succeed Ban Ki-moon as U.N. chief on Jan. 1, to call a world conference on phasing out the 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 after presenting his new report to the U.N. General Assembly that it’s estimated that as much as $32 trillion are held offshore in secrecy jurisdictions escaping just taxation.

He said governments lose $3 trillion every year in tax evasion and tax avoidance schemes “and most perpetrators have enjoyed immunity.”

Alfred de Zayas, U.N. independent expert on international order, holds a press conference calling for the abolition of tax haven sat U.N. headquarters

Alfred de Zayas, U.N. independent expert on international order, holds a press conference calling for the abolition of tax haven sat U.N. headquarters

De Zayas, who is the U.N. expert on the promotion of a democratic and equitable international order, said the key issue is transparency.

“Once you have transparency, the tax havens are useless, but the problem is the secrecy jurisdictions,” he said.

De Zayas’ report cited The Tax Justice Network Financial Secrecy Index, which ranks jurisdictions according to their secrecy and the scale of their offshore financial activities.

The top three jurisdictions listed in 2015 were Switzerland, Hong Kong and the United States.

Other “high-profile jurisdictions” listed include the United Kingdom and its territories and dependencies, Luxembourg, the Netherlands, Belgium, Malta, Cyprus, Singapore, Liberia and Panama.

De Zayas urged the General Assembly to draft a convention to outlaw tax havens worldwide.

“The United Nations must take concerted action against abuses and crimes perpetrated by individuals, speculators, hedge funds and transnational enterprises who skirt taxes and loot governments,” he said.



Comments Whatsapp Twitter Facebook Share
More From The News

Facebook to Release Russia Ads, Beef Up ...

21 mins ago

World Powers Rally to Defend Value of Ir ...

42 mins ago

Maria Destroys Homes, Triggers Flooding ...

59 mins ago

Mexico Shocked By News: Girl Trapped in ...

1 hour ago
Most Popular

Body Found at Collapsed Mexico School; G ...

By The Associated Press

Deathtoll Rises to 230 After Mexico 7.1 ...

By Notimex

7.1 Magnitude Quake Kills 139 as Buildui ...

By The Associated Press

Rescue at Escuela Enrique Rébasmen Suspe ...

By Notimex

Semar: No Missing Child in Collapsed Sch ...

By The Associated Press