Financial Transparency Coalition

Global Financial Integrity is teaming with The American Interest to host Robert Morgenthau, New York District Attorney, for a briefing on the growing relationship between Iran and Venezuela. Titled "The Link between Iran and Venezuela: A Crisis in the Making?" the talk will be held on Tuesday, Septemeber 8 at the Brookings Institution in Washington, DC. Find out more and RSVP for the event here...

Other top stories:

Liechtenstein, Germany to sign deal on tax evasion Associated Press, August 31, 2009

France Pursues Tax Cheats Using Swiss Banks New York Times, August 30, 2009

U.S. files formal request for UBS client data Reuters, August 31, 2009

Tanzania: Blow to Battle Against Money Laundering Business Day, August 31, 2009

Corruption undermines Iraqi security: Bombings in which 100 people died have put the security forces under scrutiny BBC News, August 28, 2009

The end of the tax-haven era: The global economic crisis has triggered a significant development in international...

The Task Force on Financial Integrity and Economic Development has released a draft agenda for its upcoming conference, “Increasing Transparency in Global Finance: A Development Imperative” which will be held at the Hilton Embassy Row in Washington, DC on Septemeber 16 and 17. The current global financial crisis marks a rare moment when the interests of developing and developed countries are closely aligned. This conference will highlight how a common approach to greater financial transparency can benefit rich and poor nations alike. Speakers will address country-by-country reporting of income and tax paid by multinational corporations, listing beneficial ownership...

Forbes Magazine has published an excellent article today which highlights the massive problem of transfer mispricing and the risk it poses to shareholders. The article cites GFI Director Raymond Baker as well as GFI's Illicit Financial Flows report several times. From Forbes:

Shareholders in many of the world's leading multinational corporations face significant financial peril from a source few have probably ever thought about: transfer pricing.

So says Raymond Baker, director of Global Financial Integrity, a non-profit in Washington, D.C., that promotes policies aimed at curtailing the...