Ecuador presented its commitment to fighting against tax havens at the United Nations by underscoring how tax dodging by the elite profoundly affects the economy of the majority of the world population. Ecuadorean Foreign Affairs Minister Guillaume Long introduced a plan to “advance together in a global agenda for fiscal justice” at the U.N. Human Rights Council in Geneva on Monday.
On Feb. 19, Ecuador became the first nation in the world to pass a plebiscite to ban public officials from having assets or capital in tax havens, that Long described as a historical example in the fight against corruption. With the approval, all public servants and elected officials will have one year to bring offshore capital back to the country or they will be removed from office.
— source telesurtv.net