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Finance committee I think the starting point is indeed transparency in reporting. I think that would take us a long way. If I can cite it, the British accountancy profession has recently done a report on this. It concluded that in the end the best enforcement was transparency: that companies had
February 26th, 2013Committee meeting
Dr. Paul Collier
Finance committee Yes. So there are both evasion and avoidance matters, and what can we do? I agree with the idea of whistle-blowers. I believe we need to have much stricter liability for establishing beneficial ownership on the law firms that set companies up. I believe we need to move to auto
February 26th, 2013Committee meeting
Dr. Paul Collier
Finance committee Yes, I think it would certainly concentrate the mind if you realized that you were losing a lot of money. My own work is largely on poorer countries and, of course, I favour investment in those poor countries, but investment that generates real activity. What you're seeing in th
February 26th, 2013Committee meeting
Dr. Paul Collier
Finance committee Thank you very much for inviting me to speak to the committee. As for my own credentials, I'm a professor of economics at the University of Oxford. I specialize in international economic issues, especially in the poorest countries. Prime Minister Cameron asked me to be the advis
February 26th, 2013Committee meeting
Dr. Paul Collier