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European Union members are collectively the largest aid donor in the world and give over half of global aid, and the EU’s policies have a major bearing on global development—from migration, to trade, agriculture and security. CGD is bringing its innovative thinking and evidence-based, practical propositions to the unique European context.
The agenda for action to tackle illicit financial flows has passed an important threshold. While the G-8 meeting which concluded today did not agree everything that had been hoped, there was tangible progress in two out of the three main areas.
The day before we recorded this Wonkcast news broke of an agreement between the United Kingdom, France, Germany, Italy, and Spain to pilot “multilateral automatic tax information exchange.” My guest, research fellow Alex Cobham, explains why this is so important, why financial secrecy and international tax law seem suddenly to be at the top of the global economic policy agenda—and why this could be especially good news for developing countries.
Richard Manning, a highly respected former chair of the Development Assistance Committee (DAC) says in the FT that the OECD is "encouraging OECD finance ministries to get away with murder as they seek to massage reported aid upwards at minimum cost."