The enablers of corruption must also be held accountable, says the prime minister.
The prime minister says his government came with a robust public mandate to get ride of this menace from the country. “But what is needed is international cooperation to bring perpetrators of financial crimes to justice,” he added.
The PM then proposed 7 steps the international community can take:
1. The stolen asests of developing countries must be returned
2. Authorities in havens must impose criminal and financial penalties
3. The enablers must be held accountable
1. The stolen asests of developing countries must be returned
2. Authorities in havens must impose criminal and financial penalties
3. The enablers must be held accountable
4. Beneficial owners of foriegn companies be revealed upon inquiry
5. Multinational companies must not be allowed profit shifting to avoid taxation
6. Revenue from digital transactions should be taxed where revenues are generated
7. Unequal investment treaties must be discarded
5. Multinational companies must not be allowed profit shifting to avoid taxation
6. Revenue from digital transactions should be taxed where revenues are generated
7. Unequal investment treaties must be discarded
• • •
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