Financial Transparency Coalition

The final communiqué released following the conclusion of today's G20 Finance Ministers meeting: 1. We, the G20 Finance Ministers and Central Bank Governors, met in Washington D.C. to ensure the global economic recovery and the transition to a strong, sustainable and balanced growth as well as our agendas for the financial regulatory reform and international financial institutions remain on track. 2. The global recovery has progressed better than previously anticipated largely due to the G20’s unprecedented and concerted policy effort. However, it is proceeding at different speeds within and across regions, and unemployment is still high in many economies. We...

G20 Ministers Should Connect Link between Illicit Financial Flows, Tax Havens, Poverty GFI Press Release, April 23, 2010

IPL money-laundering scandal threatens Indian government The Guardian, April 23, 2010

WSG India head breaks down, admits payoff by MSM The Times of India, April 23, 2010

Corruption Without End PBS Frontline, April 23, 2010

Huang Guangyu, formerly China's richest man, on trial for bribery The Guardian, April 23, 2010

Halliburton may scrap KBR indemnity Reuters, April 22, 2010

Police urge bribery charges against Ramat Gan mayor The Jerusalem Post, April 23, 2010

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From Christian Aid: Developing countries’ urgent need to boost their tax revenues in order to fund schools, hospitals and the fight against poverty won welcome backing today from Europe, says Christian Aid. ‘We’re delighted to see that the European Commission has really woken up to the power of tax,’ said Dr David McNair, Christian Aid’s Senior Adviser, Economic Justice. ‘It is highly significant that it has explicitly recognised poor countries’ need for higher tax revenues in order to achieve Millennium Development Goals such as halving extreme poverty and hunger and reducing child...

Global Financial Integrity circulating petition demanding financial transparency

Washington, DC — As the Group of Twenty (G20) finance ministers meets tomorrow in Washington, Global Financial Integrity (GFI) urges leaders to acknowledge the devastating link between illicit financial flows from developing countries, secrecy jurisdictions (tax havens), and global poverty. “Every year the developing world loses as much as $1 trillion to secrecy jurisdictions via government corruption, criminal activity, and commercial tax evasion,” said GFI director Raymond Baker. “This overwhelms official development assistance by a magnitude of 10; curtailing these flows is critical to...