Financial Transparency Coalition

The EU must prove itself as a promoter of development, by ensuring that more funds flow from the North to the South rather than vice versa. The case of tax-dodging Zambian copper mining company Mopani, shows that money from the ‘EU bank’ – The European Investment Bank (EIB) – continues to find its way into tax havens. The EU likes to purvey itself as a benefactor for the developing world. It is the largest ODA donor and proponent of many policy documents underwriting its engagement to promote sustainable development in developing countries. However, partly due to a...

As I’m sure you’re well aware, last week’s tense debates on the U.S. federal budget threatened to result in a government shutdown. If this had happened, 800,000 “non-essential” federal employees would have found themselves on mandatory unpaid leave as of Friday at midnight. National parks and passport offices would have been shuttered; people who filed tax returns by mail would have waited indefinitely for their refunds and consumer spending would have stalled. About one million essential workers—those in security or air traffic control, for example—would have been asked to come to work without pay and without...

Deficit Spurs New Look at Offshore Tax Havens Wall Street Journal, April 12, 2011 HSBC case alerts Asia banks for U.S tax probes Reuters, April 12, 2011 The truth about GE’s tax bill Washington Post, April 9, 2011 War on tax evasion Korea Times, April 12, 2011 The Tax Man Cometh – Just Not For

Angola denies billions diverted by graft Reuters, April 11, 2011 Outlandish charges against Hasan Ali make no sense DNA, April 11, 2011 Government drops amnesty plan Rediff, April 11, 2011 India will ratify UN convention on graft: Pranab Mukherjee IANS, April 11, 2011 I-T raids Lilavati to unearth black money links CNN-IBN, April 11, 2011