May 15th, 2014
Global Financial Integrity (GFI), a Washington-based NGO and Coordinating Committee member of the FTC, has released a new report highlighting the drain that illicit financial flows have on countries in the developing world. But rather than look at the entire developing world, the report focused on five specific countries in east Africa: Uganda, Ghana, Mozambique, Kenya, and Tanzania.
The report investigates trade mis-invoicing—the act of under or over-valuing goods so that a business can move money into our out of a country undetected—and estimates how much tax revenue these five countries...
May 15th, 2014
Britain’s credibility as a global leader in the fight to end corruption is under real threat. Its fate lies in the hands of the Governor of a sunny, palm-fringed Caribbean island who was appointed by the UK itself.
Last year, as chair of the G8, the UK
committed to creating public registries of the real owners of companies. This was a hugely important move by the UK and one we support wholeheartedly. With global support, such a measure could put a stop to some of the worst problems of our time;...
May 9th, 2014
The
Africa Progress Panel, a group headed by former UN Secretary General Kofi Annan, launched the
2014 report "Grain, Fish, Money" today at an event in London. The report touches on everything from income inequality to illegal fishing activities that are quickly depleting Africa's oceans and gulfs. But no matter what topic was being discussed, a broader theme kept resurfacing: financial transparency.
May 7th, 2014
After a decade of high growth in sub-Saharan Africa, it is time to ask: who benefits? Certainly growth has been accompanied by some
poverty reduction and some
progress in health and education. But advances are inadequate compared to the wealth created. Worse still, income inequality is rising in too many countries.
A
new report by Tax Justice Network-Africa and Christian Aid investigates income inequality in eight sub-Saharan African countries and asks whether their tax systems are working to narrow the gap between rich and poor.
