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What tax havens are costing the U.S. and poor developing countries each year- $40 billion for the U.S. Treasury, 3-10 times foreign aid for poor countires

04/08/2016

The $40 billion estimate of loss to the U.S. Treasury from tax havens is by Robert Morgenthau, U.S. District Attorney for Manhattan. The 3-10 times foreign aid estimate of loss in tax revenues for poor countries dependent on such taxes because of large informal economies, is from Angel Gurria, head of OECD for three times, and as high as ten times from the Tax Justice Network. This means poor infrastructure development, fewer roads and less spent on education and healthcare in poor countries with desperate needs especially in Africa and parts of northern India, Pakistan. Its not just poor countries, as the U.S. also needs the money to replace older crumbling infrastructure, an issue in the 2016 U.S. presidential campaign

Grouped Articles

How global tax evasion keeps poor countries poor - The Washington Post

Washington Post 04/08/2016

Pieces of Silver

The New York Times 08/12/2016

Fact-Checking Apple’s Claims on E.U. Tax Ruling

The New York Times 08/31/2016

Mossack Fonseca- the law firm setting up offshore tax havens founded by German immigrant Mossack and Mr. Fonseca, a Panamanian novelist

04/06/2016

The NYT story on the secretive law firm of Mossack Fonseca by Semple, Ahmed and Lipton, provides a detailed account about the founders and their history, and the history of Panama as a capital for setting up this kind of offshore tax havens. Unlike the other tax havens, such as the British Virgin Islands, Panama has been relatively free of regulation for most of its history.

Grouped Articles

Panama Papers Leak Casts Light on a Law Firm Founded on Secrecy

New York Times 04/06/2016

Globalization: Capitalism Should Be Nicer | ZEIT ONLINE

ZEIT ONLINE 07/29/2016

Emerging market debt 2015-2017

02/16/2016

Grouped Articles

Emerging-Market Debt: How Big a Threat Is It?

Wall Street Journal 02/16/2016

New York Times Spanish edition launches in Feb. 2016

02/07/2016

With articles from Azam Ahmed in Mexico, a piece on the strength of the dollar by Eduardo Porter, and articles on raising children, the New York Times launches its Spanish edtion to bring the work of its team of journalists to Latin America and Spain. The Spanish edition is available on iPhone and iPad.

Grouped Articles

Bienvenidos a The New York Times en Español

New York Times 02/07/2016

Luis Almagro of Uruguay, president of the Organization of American States- setting a new tone for Latin American nations

01/25/2016

In Venezuela, Guatemala, and other Latin American nations Almagro has called for openness and democratic process to respect the sentiments of the people. Venezuela benefits from dialogue between the opposition and the government of Mr. Maduro to address the economic crisis of high inflation. President Maduro is now coming around to the conclusion that such large petroleum subsidies damage the country's finances. By speaking up where necessary after years of silence from the Bush and Obama administrations, Almagro shows a new confidence in Latin America to address its own problems without being prodded by the U.S. Doing this creates new confidence that Latin American nations and people can come to a better assessment of their needs and problems, and how to best address them. A Latin American voice has more credibility with the people of Latin America, especially when it comes from an unbiased assessment of the needs and problems of Latin America, and what is the best way to tackle them.

Grouped Articles

A revitalized voice for the Americas - The Washington Post

Washington Post 01/25/2016

How Does Populism Turn Authoritarian? Venezuela Is a Case in Point

The New York Times 04/01/2017

Venezuelan Court Revises Ruling That Nullified Legislature

The New York Times 04/01/2017

Brazil, Mexico, Colombia, Puerto Rico, and nine other Latin American countries on a list of countries with risk of Zika mosquito virus in Jan. 2016 by U.S. Center for Disease Control

01/15/2016

About 1.5 million people are estimated to be affected by the Zika mosquito virus in Brazil, especially in the northeastern part of the country. The CDC has cautioned travellers from the U.S., especially pregnant women, about travelling to these countries.

Grouped Articles

To Protect Against Zika Virus, Pregnant Women Are Warned About Latin American Trips

New York Times 01/15/2016

Zika Warning Spotlights Latin America’s Fight Against Mosquito-Borne Diseases

New York Times 01/17/2016

Zika Virus May be Linked to Surge in Rare Syndrome in Brazil

New York Times 01/21/2016

Reports of Zika-Linked Birth Defect Rise in Brazil

New York Times 01/27/2016


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