Sweden imposes ban on use of tax havens for channelling aid
The Swedish Ministry of Foreign Affairs has instructed the aid agency Sida to avoid new engagements in funds and companies facilitated through so-called tax havens.
Sida was informed about the decision in a recent addendum to the Letter of Appropriation. The risk capital fund Swedfund also has a temporary ban on investing through tax havens, following a critical report from the Swedish Auditor General. (See DT 8/09)