Financial Transparency Coalition

Billions spent on Afghan police but brutality, corruption prevail Reuters, August 24, 2011 Ramlila Journal: Biggest Corruption Gripe? It’s Not 2G, Stupid Wall Street Journal, August 23, 2011 Corruption charges filed against 4 Indian lawmakers in bribery scandal over ’08 nuclear deal Associated Press, August 24, 2011 Foreigners deposit less money in Swiss banks The

“Art is a revolt against fate.” It was André Malraux, a French adventurer who traveled China in the 1930s, who said that. Malraux believed art is more than just a source of “aesthetic pleasure.” His most enduring concept was "le musée imaginaire" or "the museum without walls", which asserted that art could be more powerful as an experience outside the traditional confines of museums. At the moment China is headed down a crash course with its own fate. China has had massive problems with bribery, corruption, and illicit financial flows for years. In fact illicit outflows from the People’s Republic of China...

Other nations were hurt by our low corporation tax rate-ESRI Independent (Ireland), August 23, 2011 Ex-UBS Client Must Give Tax Records to Grand Jury, U.S. Court Rules Bloomberg, August 23, 2011 Ocean Bank to pay nearly $11 million in drug money case Miami Herald, August 22, 2011

Jeffrey Sachs is back in the Financial Times with a fine article about the failed economic leadership of western governments, and tax havens feature prominently in his analysis. “Tax havens”, he notes, “have proliferated even as the politicians have occasionally railed against them” we like the twist to the politician's collective tails implied by the word 'occasionally'. And he continues: “In the end the poor are doubly hit, first by global market forces, then by the ability of the rich to park money at low taxes in hideaways around the world.” We have argued for many, many years, that tax havens are a major faultline in the...