October 6th, 2010
At its
annual conference last week, the
Task Force on Financial Integrity and Economic Development identified concrete measures that could help developing countries to mobilise the resources needed to achieve the Millennium Developing Goals (MDGs) and go even further to help eradicate world poverty and lay the ground for a fairer global financial system.
These measures include:
- taxing the USD 15 to 20 trillion of private wealth sitting in tax havens
- establishing accounting standards that oblige multinational companies to report their profits earned in every country
- or setting rules for the automatic exchange of tax information between countries.
The Task Force...
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October 6th, 2010
F.B.I. Arrests 129 in Police Corruption Sweep in Puerto Rico
New York Times, October 7, 2010
Calderon Seeks to Unify Mexico's Police Forces Amid Corruption, Killings
Bloomberg, October 6, 2010
WSJ: U.A.E. Banks Cut Ties To Iranian Banks Blacklisted By U.S.
Wall Street Journal, October 5, 2010
Private bankers wary of growth in Russia
Reuters, October 6, 2010
Tax scrutiny squeezes offshore private banking
Reuters, October 6, 2010
New tax fails to shift UK's non-dom rich
Reuters, October 6, 2010
New 'Semeta group' to meet on 12 October
Europolitics, October 6,...
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October 5th, 2010
Cocaine is the drug of choice in several European countries, but most notably, Spain, which has the highest per capita consumption of cocaine in the continent. It is so prevalent, in fact, that researchers have found the drug in an analysis of the air in Madrid and Barcelona (concentrations are even higher on weekends). And if you examine a random bank note in Spain, there is a 94% chance you’ll find traces of cocaine on it.
This problem hasn’t been getting much better for Spain or for the rest of Europe, for that matter. In fact, in November of...
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October 5th, 2010
A few weeks ago, the U.S.
upped its economic sanctions on North Korea, trying to block the rampant illegal activities taken by, or on behalf of, the political elite of the state. Kim Jon Il manages his regime, in part, by using government resources to funnel exotic, luxury goods – jewelry, cars, yachts – to his large ring of cronies. This abuse falls directly under the broad definition of illicit financial flows (IFFs) as unrecorded funds and goods promoting illegal activity.
Serious corruption and continued illicit activity within North Korea is becoming a larger threat to global security. These...
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