Financial Transparency Coalition

We have had good press coverage for yesterday’s UK-Swiss tax deal analysis, which reveals how the UK government’s claims that it will net 4-7 billion pounds in tax revenues are fatally flawed. See, for example: Swiss-U.K. Tax Agreement May Be ‘Revenue-Negative,’ Group Says – Bloomberg Swiss tax deal could end up costing UK – Guardian

Is this the end of the tax haven? The Telegraph, October 25, 2011 EU proposal helps curb corruption but fails to tackle tax dodging EURODAD, October 25, 2011 New UN report says criminals may have laundered $1.6 trillion in 2009 The UN News Centre, October 25, 2011 Exports to tax havens increased from 2004-05 level

Teodoro Nguema Obiang has controlled Equatorial Guinea since he executed his uncle in a bloody coup d’état in 1979. Equatorial Guinea is a country in Middle Africa on the coast. It is one of the smallest and wealthiest countries in the continent, in large part because it holds Africa’s largest oil reserves. Yet the wealth is extremely concentrated in the hands of the government and the ruling elite. As a result over 75% of the population lives below $2 per day, 35% of its citizens do not live past the age of 40, and nearly 60% do...

Tax haven crackdown yields 14 billion euros: OECD Reuters, October 25, 2011 Cannes or Can’t: Can G20 fix eurozone crisis? Russia & India Report, October 25, 2011 Swiss Banking Secrecy Has No Place in Globalized World: View Bloomberg, October 25, 2011 Calling Out Corrupt Practices IPS, October 24, 2011 Widespread Tax Avoidance by America’s Most