Financial Transparency Coalition

Tax havens: Is the tide turning? BBC News, October 11, 2011 Quarter of FTSE 100 subsidiaries located in tax havens The Guardian, October 11, 2011 Andorra to end long history as tax haven: PM Reuters (India), October 11, 2011 Report: Repatriation Tax Holiday a ‘Failed’ Policy Wall Street Journal, October 10, 2011 Bahrain-India dual tax

ActionAid have produced another fine report, this time about the use of tax havens by multinational corporations listed on the FTSE 100. The statistics are staggering: for example more than half of the financial sector's overseas subsidiaries are in tax havens. More precisely:

• The FTSE 100 largest groups registered on the London Stock Exchange comprise 34,216 subsidiary companies, joint ventures and associates.
• 38% (8,492) of their overseas companies are located in tax havens.
• 98 groups declared tax haven companies, with only two groups, Fresnillo and Hargreaves Landsdown, who did not.
• The banking sector makes heaviest use of tax havens, with a total...

Avoiding Tax: Havens Above The Economist, October 7, 2011 Ghana: Time to Dismantle Tax Haven Secrecy Jurisdictions AllAfrica.com, October 10, 2011 Advani says yatra will focus on black money, launches theme song The Times of India, October 10, 2011 Nigeria won't progress while corruption is 'just the way it is' The Gaurdian, October 10, 2011 Indian Americans to hold anti-corruption protest in New York on Oct 16 The Times of India, October 10, 2011

With some notable exceptions, most scholars and politicians believe the world should limit the proliferation of nuclear weapons. For the overwhelming majority of countries, this is not a problem. Most countries do not have the resources—or more importantly the aspirations—to gain nuclear capabilities. But the problem with nuclear weapons is that even one of these weapons in the wrong hands could inflict overwhelming injury to thousands. Which is why the world doesn’t just need a majority consensus; it needs a complete consensus. The international community has a few tools to limit nuclear proliferation. The most notable of these is...