August 4th, 2011
An explosion of anti-corruption protests this month saw effigies burnt in India, hundreds protesting in Russia, and mass riots in China. As tensions rise, the focus of the anti-corruption debate has begun to shift. Instead of seeing corruption as hurtful because it destroys the environment, weakens governments, and harms the poor, some governments have begun to see corruption as hurtful because of its economic consequences.
A recent Moscow Times article by Anders Aslund incorporates this shift in thinking. Claiming corruption is so pervasive that investments to increase productivity are virtually impossible, Aslund writes: “Russia cannot build public infrastructure because standard...
August 4th, 2011
Paying for the revolution
Executive Magazine, August 3, 2011
Did mass killer Breivik have money links to Bermuda?
BDA Sun, August 3, 2011
California amnesty program for tax dodgers
San Francisco Chronicle, August 4, 2011
Treasury backs Senate fight against shell corporations
The Hill, August 3, 2011
Jersey considers strengthening money laundering laws
BBC, August 3, 2011
Tax haven FDI to face tough scrutiny
The Financial Express, August 4, 2011
August 3rd, 2011
On the Trail of the Fugitive Who Blew the Cover on Global Tax Evasion
Worldcrunch, August 3, 2011
Bank-backed House lawmakers try to kill IRS plan to identify $1 trillion in foreign accounts
iWatch, August 1, 2011
For Italy, Political Farce Could Descend Into Financial Tragedy
New York Times, August 2, 2011
Are we heading for a second global financial crisis?
The Guardian, August 3, 2011
News Corp. Can Relax About Corrupt-Practices Act: The Ticker
Bloomberg, August 2, 2011
Shadowy shell companies targeted by US Senate bill
Reuters, August 2, 2011
August 2nd, 2011
WASHINGTON – Sen. Carl Levin, D-Mich., chairman of the Permanent Subcommittee on Investigations, and Sen. Chuck Grassley, R-Iowa, ranking member of the Senate Judiciary Committee, this week introduced the Incorporation Transparency and Law Enforcement Assistance Act to combat acts of terrorism, money laundering, tax evasion, and other wrongdoing facilitated by U.S. corporations with hidden owners. The bill would end the practice of the 50 States forming corporations for unidentified persons, and instead require the States to obtain the identities of the persons behind the corporations.