Financial Transparency Coalition

They say all is fair in love and war. But what about tax? Our panel at the 2013 Financial Transparency Coalition, Ending the Race to the Bottom: Finance in a Cooperative World, will discuss many of the pressing tax issues facing countries, both in Africa and throughout the developing world. I will moderate the panel.

This blog post is the second post in a series on the connection between extractive industries and corruption in developing countries. You can read part one here. In a blog post last week I discussed the relationship of extractive industries and corruption, noting that while they are related, the presence of extractive industries alone does not inherently lead to their political exploitation. Rather, it is the effect that these industries have on other economic and political conditions that can drive corruption. Conceptually, we can think about this in terms of a model presented by Tsegaye Lemma, a policy analyst with the...

Every year, developing countries lose around $1 trillion per year to illicit financial flows, which are the proceeds of tax evasion, crime, and corruption. They undermine accountable government, enable organized crime on a massive scale, and make it more difficult for governments to provide basic services. Illicit financial outflows dwarf foreign aid, and represent one of the biggest impediments to development in Africa.

The Financial Accountability and Corporate Transparency (FACT) Coalition is looking to hire a Policy Analyst. FTC, Global Financial Integrity, and Global Witness all work very closely with the FACT Coalition on legislation and policy to fulfill FTC's five recommendations.