Financial Transparency Coalition

The UK Government has welcomed today’s announcement by the Isle of Man to improve the transparency of their tax regulations by announcing plans for the automatic exchange of information on savings interest with the UK and other EU Member States.

WASHINGTON--As part of the Obama Administration's aggressive efforts to enforce U.S. tax laws and reduce offshore tax evasion, the U.S. Department of the Treasury today announced the conclusion of negotiations with Switzerland to amend the U.S.-Switzerland income tax treaty to provide for increased tax information exchange. Official signing of the protocol is expected in the next few months.

Stanford Financial Group Executives and Former Chairman of Antiguan Bank Regulator Indicted for Fraud and Obstruction: Charges Related to $7 Billion Dollar Scheme to Defraud Investors.

A June 2009 Norwegian Commission on Capital Flight from Developing Countries report on illicit financial flows from developing countries and tax havens and put forward recommendations for reform efforts to be considered by the Norwegian Government.