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<p>There is no internationally recognised definition of a “tax haven.” CDC respects
the tax policies of governments and supports their ability to tax. Whilst the development
of domestic tax policy is the responsibility of governments, CDC requires its investee
companies to approach tax is a responsible manner. CDC requires that: investee companies
should be compliant, should not engage in base erosion and profit shifting, and should
not engage in egregious tax planning.</p><p>Wherever possible, CDC invests directly
into the country in which an investee company is located. If CDC invests through an
intermediate country, it does so only if the country is compliant with international
tax transparency standards as monitored by the OECD’s Global Forum on Transparency
and Exchange of Tax information.</p><p>CDC’s policy on the payment of taxes and the
use of offshore financial centres is available on CDCs website. This policy has been
agreed with DFID and is reviewed annually.</p>
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