Latest Developments, July 4

It has been a long weekend on both sides of the world’s longest shared border. To mark the occasion, here is a list of international human rights issues for Canada to address and a July 4th reminder of what unfettered economic interests can do.

Now, some news and analysis from the last few days…

The UK’s new anti-corruption legislation came into effect, aimed at cracking down on bribes paid to foreign officials by companies with a substantial British link. Global Witness warns the new act, which may only produce 1.3 additional prosecutions per year, will be of little use without sufficient enforcement.

The Isle of Man and Guernsey have agreed to the automatic exchange of tax information with the European Union. The EU appears less interested in its own political transparency, however, as 20 of its member states are challenging a court ruling that would require the disclosure of positions taken in the all-important working-group stage of policy making.

On the Guardian’s Poverty Matters blog, Lawrence Haddad and Calestous Juma highlight five priorities for the new head of the UN’s Food and Agriculture Organization, while Gary Younge points to Portugal, Greece, and Haiti as evidence of the increasing irrelevance of national governments.

A dispute over Pakistan’s Shamsi airbase raises questions about national sovereignty, and trouble at the world’s largest refugee camp highlights the plight of those who have fled their country.

The Overseas Development Institute makes recommendations for increased effectiveness of European development cooperation,  while Counter Balance slams the European Investment Bank for funding controversial mining operations in Africa.

Drawing on the examples of Tunisia, Senegal and Mauritius, Sheila Bunwaree argues against putting too much stock in global index rankings. And speaking of Mauritius, the tiny island nation accounted for 42 percent of foreign direct investment into India last year, suggesting much of the FDI is rather indirect. Not to mention exempt from capital gains tax. Rumours that India wants to renegotiate its tax agreement with Mauritius sent stock tumbling in Mumbai last month.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s