Financial Transparency Coalition

Amid great fanfare last weekend, the G7 finance ministers agreed to propose a global minimum corporate tax of at least 15 percent, presented as a landmark decision to end tax avoidance by multinational companies and to help all countries raise funds to fight the Covid-19 pandemic.

Earlier this year, those of us advocating for increased financial transparency and an end to tax-dodging by multinational corporations were excited about the European Union potentially implementing some of the most progressive, pro-transparency regulations the world had ever seen. Beginning in 2016, the European Commission launched a draft directive to implement strong, uncompromising country-by-country reporting

Washington DC – The UK should stop blocking attempts to implement a global minimum corporate tax that enables developing countries to raise much-needed funds for the Covid-19 response, according to the Financial Transparency Coalition (FTC).

The FTC is proud to share this post from FTC Director Matti Kohonen, on taxes and personal income—and why much more transparency is needed.  Last month was Tax Day in America, and this is how much I paid – information that I believe should be made public.