Wednesday, June 9, 2010

Clinton urges rich Latin Americans to pay 'fair' tax share

Clinton urges rich Latin Americans to pay 'fair' tax share

US Secretary of State Hillary Clinton on Tuesday urged the wealthy across the Americas to pay their "fair share" of taxes in order to eliminate poverty and promote economic opportunity for all.

In a policy speech in the Ecuadoran capital, Clinton said her appeal to overhaul tax systems did not amount to "class warfare" and was instead a recognition that the "winner-take-all-approach" was a drag on progress.

The chief US diplomat said fairer systems would ensure governments in the Western hemisphere raise the funds to pave the way for competitive economies by boosting infrastructure as well as health and education systems.

They would also lift burdens on the poor so that they could contribute to economic progress, she told an audience at a cultural center in Quito, a high-altitude Andean capital surrounded by mist-shrouded hilltops.

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