Financial Transparency Coalition

"Real patriots pay their fair share of taxes. They don’t run out on the bill," write Scott Klinger and Holly Sklar. Some of our nation’s biggest corporations are planning a tax holiday and they want you to pick up the tab. Actually, you already pay for their routine tax avoidance through the use of tax havens in Bermuda, the Cayman Islands and elsewhere. These accounting acrobatics cost the U.S. Treasury $100 billion a year. Now they want Congress to pass a special tax holiday for money they “repatriate” back to the United States. There’s nothing patriotic about this repatriation being pushed by...

Corrupt India is national shame Deccan Herald, July 17, 2011 Berlusconi faces bribery, sex crime hearings on Monday AFP, July 17, 2011 US abandons tax deal talks with Switzerland Reuters, July 17, 2011 Why tax isn’t a shore thing Accountancy Age, July 15, 2011 Meet on money laundering from July 18 IBN Live, July 18,

Yesterday, Monique Perry Danziger, Communications Director at Global Financial Integrity, had an op-ed featured in The Hill. Writing on the first anniversary of the Dodd-Frank financial reform bill, she covers both the importance of the SEC producing guidelines for the country-by-country reporting elements of the legislation (Section 1504), and the need to expand financial transparency through approval of the Stop Tax Haven Abuse Act.

IRS Delays Offshore Banking Reporting Rule Without Touching Policy Bloomberg, July 15, 2011 US securities watchdog still dragging feet on anti-corruption and transparency laws ANI, July 15, 2011 Wall Street reform act deserves implementation now The Hill, July 14, 2011 Sen. Levin Says Tackling Tax Haven Abuse One Way to Reduce Deficit ABC News, July