Menu

More News

EU to Impose Tax on Multinationals Which Dodge Tax Burden in Developing World?
December 10th, 2009
Agence France-Presse is reporting that the European Union is considering imposing a tax on multinational corporations which shirk their tax responsibilities in developing countries while hiding their profits away in secrecy jurisdictions/tax havens. From AFP:

EU Development Commissioner Karel De Gucht on Wednesday suggested a tax in Europe for multinationals operating in developing nations but squirrelling profits off to tax havens.

"We must take our responsibilities regarding multinationals based in Europe with activities in the developing world and not consider that financial transfer to tax havens have been duly taxed,"...

Continue Reading
Reflecting on Year, GFI Releases Statement on International Anti-Corruption Day
December 10th, 2009
Marking the sixth annual International Anti-Corruption Day, Task Force member Global Financial Integrity released the following statement weighing both the positive and negative progress in the anti-corruption movement over the past year:

On Sixth Annual International Anti-Corruption Day, Global Financial Integrity Weights Victories, Losses in 2009

Washington, DC — Today, as countries around the world observe International Anti-Corruption Day, Washington, DC-based research and advocacy organization Global Financial Integrity (GFI) notes the following victories and defeats from the past year in the fight against international corruption:

The Good:

  • Foreign Corrupt Practices Act (FCPA):...
Continue Reading
Wednesday’s Top Stories
December 9th, 2009

Offshore tax dodgers face 200% rise in fines BBC News, December 9, 2009

Data on French tax evaders 'was stolen' from HSBC in Switzerland France 24, December 9, 2009

Tough road for Rangel on tax push The Hill, December 9, 2009

Corruption major impediment to advancing development, warn UN officials United Nations, December 9, 2009

Thousands of Indonesians Protest Corruption VOA News, December 9, 2009

Pakistan Leader Faces Court Test, Militant Attacks Wall Street Journal, December 9, 2009

PM vows to go tough on graft The Daily Star, December 9, 2009 Continue Reading

GFI and Others Voice Support for Tax Evasion Crackdown in US Tax Extenders Bill
December 9th, 2009
Global Financial Integrity released the following press release this morning:

WASHINGTON, DC — Global Financial Integrity joined leading civil society groups in calling for swift passage of H.R. 4213, the Tax Extenders Act of 2009, expected to go to the House floor today for a vote. Multiple groups, ranging from the AFL-CIO to U.S. Public Interest Research Group (US PIRG), signed a letter voicing support for the bill which includes language that would tackle banking secrecy and tax evasion.

The letter states:

H.R. 4213 also includes a proposal introduced by Finance Committee Chairman Max Baucus...

Continue Reading
Follow @FinTrCo