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Thursday, 11 February 2010

MPs call for crackdown on global graft

The fight against global corruption has moved to an international Parliament with lawmakers calling for a crackdown on the tax havens in rich nations. There is also a resolution to prevent corrupt leaders in the poor nations from stashing their illegally acquired wealth in the existing tax havens. The resolutions were discussed at a joint parliamentary assembly of MPs from Africa, Caribbean and Pacific nations and from the European Union (ACP-EU) meeting in Brussels. Eldoret East MP, Prof Margaret Kamar, is leading Kenya’s delegation in the meeting that seeks to push the EU to help poor countries recover from the global recession. The lawmakers pushed for strong tax bodies and judiciaries in the poor countries in order to curb tax evasion. The rising food prices, high levels of unemployment and increasing poverty levels also formed part of the discussions. A draft report posted on the ACP-EU official website indicated that the MPs adopted to push the rich nations to honour the USD100 billion (Sh7.6 trillion) annual pledge to help poor nations manage the effects of climate change.

Source: Daily Nation