Before the G20 summit – as always – corporate elites will be operating behind the scenes and colonising the political agenda

Professor Prem Sikka on the outcome of the recent G8 deliberations: 

“There is no intention to let the public know the details about ownership of companies. There is no mention of any timescale within which any reforms are to be implemented. Maybe this absence of detail is indicative of oppositions that some governments are likely to encounter from their local economic elites . . .

“The communiqué states that “Countries should change rules that let companies shift their profits across borders to avoid taxes”, but change to what? There is no commitment and no foundations have been laid for taking the matters forwards at the next G20 or the G8 meeting even though alternative models exist . . .

“The action will move to next year’s G20 summit. As always, corporate elites will be operating behind the scenes and colonising the political agenda. Any progress on eroding secrecy and tax avoidance is going to be slow, and that is a good reason for civil society to continue to campaign for change.”

Read the article here: https://theconversation.com/g8-summit-high-on-vague-promises-low-on-delivery-15351

 

Advertisements

Posted on June 22, 2013, in Banking and finance, Conflict of interest, Corporate political nexus, Democracy undermined, Government, Lobbying, Planning, Vested interests and tagged , , , . Bookmark the permalink. Leave a comment.

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

%d bloggers like this: