Financial Transparency Coalition

LONDON -- In the latest development in the global crackdown on tax havens, two of the world's biggest offshore financial jurisdictions were scheduled on Thursday, to sign their 12th Tax Information Exchange Agreements (TIEA), officially taking them off the "grey list" of offshore tax havens put together by the Organization for Economic Cooperation and Development.

India’s government is planning a big shake-up of its archaic tax system in a bid to curb widespread evasion as it confronts a sharply widening fiscal deficit amid expanding social welfare programmes.

WASHINGTON – A federal court in Seattle has permanently barred Daniel Andersen from promoting fraudulent tax schemes, the Justice Department announced today. Documents the government filed on August 11 requested that the court enjoin Andersen, arguing that he was a founding member of the Institute for Global Prosperity, an entity that promoted both its own fraudulent tax scheme and the fraudulent tax schemes of others.

New York - The United Brotherhood of Carpenters, the labor organization that represents the nation’s carpenters, placed its New York chapter under emergency trusteeship Wednesday and ousted the chapter head and two other leaders who are targets of racketeering charges unsealed last week by federal authorities.