You are probably aware that loopholes in the international financial system let corporations and wealthy individuals get out of paying their fair share of taxes. You might even know that there are some significant reforms taking place to try and close the gaps in the system. But did you know that these reforms aren’t being discussed in a global forum where everyone can participate? This year, BRICS countries are in a unique position to show leadership on a proposal that developing countries have been demanding for years.
Kacper Pempel / Reuters
A young boy named Kalu, who had been rescued from a carpet-weaving unit in Bihar, once raised a compelling and very significant question when he met then-President Bill Clinton. In conversation with t...
The OECD countries, by continuing to resist it, are fighting a losing battle and will end up on the wrong side of history. They must realise that they are defending a system that directly facilitates the creation of Panama Papers and acts in favor of the immense global inequality in the world today.
The International Monetary Fund (IMF) has projected India's growth to leapfrog that of China by 2016, and the report has gained wide press. But this report, in our opinion, is no reason for India to celebrate. The first and the most obvious argument behind our assertion is that the numbers released by the IMF show little more than China's decline. India's ascent cannot be stated as convincingly.