Kenya aid shows Government not serious about tackling financial crime – Kate Osamor
Kate Osamor MP, Labour’s Shadow International Development Secretary, responding to Penny Mordaunt’s announcement of a new aid package for Kenya to tackle financial crime and recover lost revenue from illicit financial flows, said:
“The Government’s new aid programme launched today in Kenya simply won’t end money being stolen from some of the world’s poorest people. If the Conservatives were serious about tackling financial crime, they would act on UK tax havens and clamp down on global tax avoidance that denies governments in the Global South of billions of pounds in revenue every year.
“Instead, the new scheme launched today in Kenya makes not a single reference to tax reform, nor does it give any reassurances that the people of Kenya will benefit from the investments by British businesses being encouraged under the scheme.
“A Labour run DFID would be committed to supporting governments across the world to build progressive taxation systems that benefit citizens, not foreign companies.”