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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Replying to @saubryhr @MForstater and
Where would the alternative be? How much more tax would be paid? And to which country?
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Replying to @DanNeidle @saubryhr and
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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Replying to @MForstater @DanNeidle and
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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Replying to @CarterPaddy @MForstater and
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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Replying to @DanNeidle @CarterPaddy and
Assuming Nigeria not possible (and we need to deconstruct that claim... many companies invest in Nigeria), isn't UK better than Mauritius?
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Replying to @saubryhr @DanNeidle and
For who? Not better for Nigeria if the UK has a more favourable treaty. I haven't checked
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Replying to @CarterPaddy @DanNeidle and
Well if the UK gets more tax money, can be used at least for UK public services OR development aid (that may go to Nigeria). +transparency
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This seems an odd measure of 'better' - these are already taxpayer supported funds using ODA from different countries, with objective to make deal viable in Nigeria, not support UK public services.
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Replying to @MForstater @CarterPaddy and
In an imperfect world, isn't that better than lack of transparency in Mauritius / tax dodging for companies? + it's not like ODA is enough!
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