This is an invitation to research by @CarterPaddy : let's find all the examples of use of tax heavens by DFIs where there was a better alternative @eurodad @M_Aubry_ @maxlawsontin @Anna_Marriott @DavidArcherAA @TaxJusticeAfric @TaxJusticeNet @GIESCRhttps://www.cgdev.org/blog/why-development-finance-institutions-use-tax-havens …
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Where would the alternative be? How much more tax would be paid? And to which country?
Here's one potential case to look at (not taking the media reporting at face value ) .... https://www.premiumtimesng.com/news/headlines/248809-nigerias-largest-independent-power-plant-set-funnel-billions-tax-haven.html …
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Excellent example. First question: did that South African bank insist on lending against equity held offshore because it didn't trust Nigerian courts?
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I doubt very much investors or lenders would have accepted a Nigerian holding company for precisely that reason. If Mauritius didn't exist then might have been UK; would never have been Nigerian.
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This snippet manages to both be wrong and inconsistent. Wrong because managers can't be employed in country X but actually working in country Y. Inconsistent because the usual demand is that profits are taxed where significant employees are based.pic.twitter.com/PsPcZE0j54
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I'm a bid muddled but do we have a Mauritian company providing services to Nigerian company A via subcontract with Nigerian company B?
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