Financial Transparency Coalition

Is Africa still a victim of capital flight? Reuters, May 25, 2011

Illicit funds from Africa flow to US and UK banks Financial Times, May 24, 2011

U.S. fines bank officials for money-laundering lapses Reuters, May 24, 2011

Ex-Jenkens & Gilchrist partners convicted in tax shelter scheme Reuters, May 24, 2011

Amended tax rules to help in dealing with black money: Pranab Press Trust of India, May 24, 2011

EU Needs to Halt Direct Investment into Mining in Africa Taxation News and Information, May 25, 2011

For many years economists and policy makers have taken issue with GDP as a measure of national wealth. Statistics like these tend to over-emphasize certain elements of wealth and under-estimate others. Economists often point to the fact that, for example, income generated from the sales of cigarettes is included in GDP (something which might actually have negative value) while value generated from a stay-at-home-mom (or dad) is not. As I’ve noted, there are problems with other economic indicators like the Consumer Price Index (CPI), the unemployment rate, and the traditional measure of Illicit Financial Flows—all of which are used...

GCC anti-corruption policies, compliance need improvement Thomson Reuters Accelus, May 23, 2011

Bribery Act could lead to money laundering 'trap', warn lawyers Thomson Reuters Accelus, May 23, 2011

Pakistan to Throw New Punches on Tax Evasion Taxation News and Information, May 23, 2011

Cat-and-mouse dance in tax evasion struggle Swissinfo.ch, May 20, 2011

Back-door amnesty for secreted foreign funds The Hindu Business Line, May 21, 2011

China alleges huge tax evasion by artist Ai Weiwei AP, May 20, 2011

From the Treasure Islands site: Naomi Rovnick of the South China Morning Post has an excellent article looking at the use by Chinese of British Virgin Islands (BVI) vehicles. It is de rigeur to be in the BVI, it seems, as one British tax lawyer says: Our clients say that you haven’t really arrived