Financial Transparency Coalition

There have been more responses to Action Aid’s report on the use of tax havens by FTSE 100 companies.

Trouble island The Economist, October 15, 2011 ‘India needs to curtail accelerated outflow of black money’ First Post, October 14, 2011 IRS Auditing How Google Shifted Profits Offshore to Avoid Taxes Bloomberg, October 13, 2011 Tax evasion suspects given chance to come clean Financial Times, October 13, 2011 U.S. to require travel declarations of value

Weakening the Foreign Corrupt Practices Act Makes Sense from Neither a Moral nor Economic Perspective American businesses sometimes argue against the Foreign Corrupt Practices Act, the U.S. flagship legislation which makes bribery of foreign officials a crime, using economics. We see this, in particular with the latest inundations of attacks from the U.S. Chamber of Commerce, which has taken it upon itself to single-handedly dismantle the effectiveness of the FCPA. These interests claim that the FCPA makesU.S. businesses less competitive internationally because other businesses from other countries are “allowed to bribe.” Of course, they don’t put it that crudely. But...

Gaps in official, company data for exports, FII flows, says a research report The Times of India, October 13, 2011 Offshore Tax Scorecard: UBS, Credit Suisse, HSBC, Julius Baer Bloomberg, October 12, 2011 Italian Banks To Draft Tax Code Of Conduct Tax News, October 13, 2011 US Senate Report Critical Of “Tax Havens” Bernews, October