Financial Transparency Coalition

In his new article, Against an FCPA Compliance Defense, Howard Sklar responds to the U.S. Chamber of Commerce Institute for Legal Reform's argument that corporations should be granted a compliance defense.

In April of 2009, after becoming very upset by the evidence there are rivers of ‘black money’ flowing out of India, the president of the Bharatiya Janata Party (BJP), Rajnath Singh, told voters that if they elected his party into office he would, within 100 days, “bring back all the black money stashed in foreign banks and distribute among ‘the common poor people.’” As we know, the BJP did not come to power in India in 2009 so fortunately for Rajnath Singh, his party never needed to prove this monumental task was possible. It’s not, by the way. At the...

Swiss should limit tax deals to EU: Geneva Banker Reuters, October 19, 2011 Procter & Gamble and the Dark Art of Tax Avoidance CNN Money, October 19, 2011 Marshmallows from Paris Livemint.com, October 19, 2011 Corruption, inefficiency eat 25% of CIL output: Sriprakash Jaiswal The Economic Times, October 19, 2011 Corruption and Corporate Fraud Take

Cayman News Service has blown the lid on one of the biggest lies of recent years about tax havens / secrecy jurisdiction. It’s been claimed since 2009 that tax information exchange agreements – promoted by the Organisation for Economic Cooperation and Development as the way to tackle tax haven abuse – mean that tax havens are now ‘open and transparent places’.