Financial Transparency Coalition

Are hawala money channels piracy's Achilles heel? The National (UAE), April 26, 2011 Attempt to freeze Moammar Kadafi's assets hits resistance Los Angeles Times, April 24, 2011 Black money comes mainly from India: Assange Times of India, April 26, 2011 Foreign and Commonwealth Office withholds Tempura complaint Caymanian Compass, April 21, 2011 Ex-prosecutor says tax-evading Americans turn to Asia Reuters, April 26, 2011 Kosmos Outlines DOJ Declination Letter Wall Street Journal (Corruption Currents), April 25, 2011

Not my title: one Carlo Cottarelli, Director of the IMF’s Fiscal Affairs Department, used for a blog on the Huffington Post. He was talking about what the IMF is doing to help developing countries on this issue. He lists a strong commitment by many countries  to strengthen their revenue systems, through both administrative reforms and improved tax policies. And he refers to good governance and avoiding exemptions and preferences plus the need for political will to drive through tough policy changes to build and support firm, even-handed enforcement.  These, he says, are the issues of concern for developing countries. But he makes no mention at all of:

• transfer pricing abuse
• tax havens
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The following is for all serious offshore aficionados.  It comes form the person I think the foremost expert on the European Union Savings Tax Directive - Mark Morris, and is from his blog, with permission. What it says is at the end of the day simple, but vitally important, and that is that iof the European Union Savings Tax Directive is amended as the EU desires then Liechtenstein's secrecy is cracked open. Which is very welcome indeed. Over to Mark: "Liechtenstein is home to nearly 100,000 entities and legal arrangements which are effectively untaxed. These structure are used for succession planning, creditor protection, family support...

Media Coverage Report Card: Trending Accountability Global Financial Integrity evaluates the Media’s current coverage of corporate tax dodging and tax havens Corporate tax shenanigans have been in the news a lot lately. Here’s a quick guide to the stories currently shaping the debate over US tax policy and raising the “injustice level” from “amusingly frustrated” to “Shut-Down Congress Red.”