EDITORIAL: Intensify war against endemic corruption
Friday, June 26, 2020 0:01
By EDITORIAL
Corrupt entities have taken advantage of global tax havens to evade paying taxes as well as hide proceeds of crime.
The onus is now on the courts to act decisively on corruption cases and ensure that the economic crime becomes a costly affair for those found guilty to deter rampant theft of public funds.
We also applaud the proposal in the Bribery Act under the State Law (Miscellaneous Amendment) Bill 2020, which makes it a crime for State officers to operate foreign bank accounts without the EACC’s permission.
Corrupt individuals and shadowy companies have taken advantage of global tax havens to evade paying taxes as well as hide proceeds of crime.
A multi-pronged and multi-sectoral approach in the war on corruption would, bear fruit based on public and government goodwill to curb all forms of economic crimes.
