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NOV 20, 2013 - The Guardian

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Row as Barclays promotes tax havens as 'gateway for investment' in Africa

British bank criticised after brochure hails Mauritius as offshore financial centre of choice for India and sub-Saharan regionBarclays has come under fire for promoting the use of offshore tax havens as a route for companies investing in Africa.In a report published on Wednesday, the NGO ActionAid says Barclays' marketing of offshore tax jurisdictions undermines the bank's stated ambition to be a "force for good" as these places can be used by companies to reduce the tax paid in the African countries where they work. The report does not directly accuse Barclays, or the companies it works ... Read More

Tags: Row as Barclays promotes tax havens as 'gateway for investment' in Africa,  Somalia Latest News