Friday, September 20, 2019

Sweden imposes ban on use of tax havens for channelling aid

The Swedish Ministry of Foreign Affairs has instructed the aid agency Sida to avoid new engagements in funds and companies facilitated through so-called tax havens.

Sida was informed about the decision in a recent addendum to the Letter of Appropriation. The risk capital fund Swedfund also has a temporary ban on investing through tax havens, following a critical report from the Swedish Auditor General. (See DT 8/09)

Development Today is a subscription-based online journal. To subscribe click here.

If you are already a subscriber to Development Today please log in.

Would you like to know more about Development Today? Click here.