Financial Transparency Coalition

Reposted from the TJN blog: Sometimes a picture speaks more clearly than words can. Now, courtesy of something that FT Alphaville has just pointed out, we bring you this: Look at all those jurisdictions inside the black circle. All secrecy jurisdictions, except for France and Germany. Widen the circle a little, and look at the

Many people wouldn’t guess it, but corruption is a big challenge for India. The problem isn’t new, but it has recently come under intense international focus. The fuss was sparked by this year’s Commonwealth Games, which are held between former British colonies, and were hosted in Dehli. Ironically, officials had hoped the games would showcase India’s increasing economic and political clout, but instead they were marred by deplorable living conditions for athletes and massive delays in building construction. It was soon revealed the blame for these circumstances could be traced to corruption. The chief of the...

Last week Algirdas Šemeta, EU Commissioner for Taxation and Customs Union, Audit and Anti-Fraud, made a presentation entitled The Importance of Information Exchange in Tax Matters. He was speaking in an official capacity, it seems. Like the Italian Finance Minister Giulio Tremonti, who recently criticised Germany’s and the UK’s tax deals with Switzerland, Šemeta gives

Whether or not our economy mirrors seismic activity, we still need financial transparency, explains Karly Curcio

Policy makers and economists around the world are being challenged with the question “what needs to be done to ensure the soundness of the global financial system?” Scholars are introducing non-traditional methods for attacking the question. Some economists say that traditional economic theory holds, and that the best approach is to allow for free markets with minimal regulatory distortions. Others argue that we must be open to an alternate paradigm. In a letter to George Soros, financier and founder of the Institute for...