Source · Select Committees · International Development Committee
Recommendation 15
15
Paragraph: 82
Financial intermediaries channel UK funds to low-tax jurisdictions and questionable development investments.
Conclusion
Financial intermediaries can deliver market expertise, but such investment vehicles can result in UK taxpayers’ money being used to reward intermediary agents in low- tax jurisdictions. In some cases, the onward investments made by intermediaries have rewarded businesses with weak or questionable links to development.
Paragraph Reference:
82
Government Response
A response document is linked to this report, dated 7 December 2023. Response attribution to this conclusion has not been verified. Read the response document ↗