Financial Transparency Coalition

Today, Global Financial Integrity launched it’s new report, Mexcio: Illicit Financial Flows, Macroeconomic Imbalances, and the Underground Economy in Washington D.C. and Mexico City. An excerpt from the press release: MEXICO CITY / WASHINGTON, DC – Crime, corruption and tax evasion cost the Mexican economy US$872 billion between 1970 and 2010 according to a new report

Tom Cardamone, Managing Director of the Task Force and Global Financial Integrity, was on San Francisco's KQED radio yesterday for a 30-minute segment.

Nick Mathiason's article in The Guardian's The Comment is Free went up today - Five Steps to Combat Global Tax Evasion

In August 2009, France and Switzerland amended their tax treaty. The new treaty stated that the two countries would from now on exchange upon request all information necessary for tax enforcement, including bank information otherwise protected by Swiss bank secrecy laws. In the following months, one of France’s richest persons and her wealth manager were taped discussing what to do with two undeclared Swiss bank accounts, worth $160 millions. After a visit to Switzerland, the wealth manager concluded that keeping the funds in Swiss banks or bringing them back to France would be too risky. He suggested that the...