Politics #ParadisePapers: Saraki Listed Among World Politicians Exposed In New Offshore Leak

[ProfRem]

Tax Justice Network, TJN, has declared that lower-income countries bear a disproportionate share of the burden from global tax abuse in which the latest revelation from ‘Paradise papers’ showed cost the world $700 billion in losses every year.

TJN, which said this in a reaction to the Paradise paper, the largest leak of data to date from the world of financial secrecy, maintained that this has direct costs in terms of everything from foregone economic growth to excess child mortality.

Nigeria’s Senate President, Bukola Saraki, has been listed as one of the Nigerians invlolved in the tax abuse.



“The ‘Paradise Papers’ have once again highlighted the failure of governments around the world to deal with the scourge of tax dodging and financial crime facilitated by offshore financial centres, and we commend the ICIJ on their fearless investigative journalism,” the TJN said in a statement made available on Monday.

“The Tax Justice Network is calling on world leaders to commit finally to ending tax abuse and financial secrecy. The United Nations should convene a summit of world leaders with the goal of agreeing a UN convention to end tax abuse and financial secrecy. World leaders need to agree binding targets to reduce all forms of illicit financial flows, with accountability mechanisms to ensure progress,” the group said.

More to come....

 

[kayode ajayi]

Senator Saraki can get as much of undisclosed salary in the 'World' but there is trouble for him in ‘Paradise’.

 

[ProfRem]

Senator Saraki can get as much of undisclosed salary in the 'World' but there is trouble for him in ‘Paradise’.

Do not do #Paradise judge, so you will not be judged.

 

[curator]

Is this illegal under Nigerian law? If not, we are getting excited over nothing. My surprise is that people are surprised.

 

[kayode ajayi]

Is this illegal under Nigerian law? If not, we are getting excited over nothing. My surprise is that people are surprised.

Nigeria is part of the commonwealth that signed Global Declaration Against Corruption as tax havens or paradise is concerned.
There are laws from the penal codes to anticorruption laws. But the '?' is in the practice.

 

[curator]

Nigeria is part of the commonwealth that signed Global Declaration Against Corruption as tax havens or paradise is concerned.
There are laws from the penal codes to anticorruption laws. But the '?' is in the practice.

Corruption and tax havens are not the same things. The key question here is: has he broken any Nigerian law on taxation. The UK media are also making a lot of noise but finding a tax haven is not illegal. We are not discussing the morality of it.

 

[ProfRem]

Corruption and tax havens are not the same things. The key question here is: has he broken any Nigerian law on taxation. The UK media are also making a lot of noise but finding a tax haven is not illegal. We are not discussing the morality of it.

I think having a tax haven without proper declaration as a public official is questionable.

There is CCB in Nigeria where all public officials are expected to declare their assets both home and abroad. In the case of Saraki, he made declaration, and also revealed some of his owned and co-owned firms offshore. Those firms you refused to own up are those in a tax haven.

Why so?

Majorly for probable tax evasion and divert attention from perverted corruption links.