Tax Havens; Corruption in Thailand
06/24/2013
A doctor carries a severely wounded Syrian boy in the city of Aleppo.
Hello, and welcome once again to “As It Is,” our daily show for people learning everyday American English.
I’m Christopher Cruise in Washington.
Today on the program, we report on demands by some that countries end tax policies that permit companies to move their profits to countries with lower taxes.
“I think a lot of people both here in the UK and around the world are fed up with tax dodging. They’re fed up with a system where the rich and powerful play by a different set of rules to everybody else.”
Then, we go back to 1948, and one of the first confrontations of the Cold War, between the United States and the Soviet Union.
Thais Protest Political Corruption
But first, we look at economic and political corruption in Thailand.
Many Thais joined protests in Bangkok last year. They urged Prime Minister Yingluck Shinawatra to deal with growing corruption in the country.
Mario Ritter reports a businessman noted the rising cost of doing business, including giving bribes to Thai officials.
How much economic activity is lost to corruption can be difficult to estimate. The University of the Thai Chamber of Commerce studied the issue. The university found that over two percent of national production -- or about 11 billion dollars -- will likely be lost to corruption this year. It found that many business people who were questioned said they are paying more to Thai officials and politicians to win government contracts.
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