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UNCTAD: multinational tax avoidance costs developing countries $100 billion+
April 15th, 2015
The UN Conference on Trade and Development (UNCTAD) has just published a major new study on corporate tax in developing countries, which contains a wealth of new information analysis as well as some important headline numbers: notably that developing countries lost around $100 billion per year in revenues due to tax avoidance by multinational enterprises
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From the Atlantic to the Pacific, Civil Society Organizations across Africa Welcome AU Focus on Illicit Financial Flows
January 29th, 2015
ADDIS ABABA— As African leaders are meeting in  Addis Ababa to discuss growing threats from extremist groups, instability, and poverty, Heads of State are urged to give priority to  a growing threat to their economies: illicit financial flows. On Saturday, African Union Heads of State will review a report produced by the AU High Level Panel on Illicit Financial Flows, which has been chaired by Thabo Mbeki. The new report looks at the dire consequences of illicit financial outflows from Africa, estimated at US$50 billion per year, according to Global Financial Integrity (GFI) and the African Development Bank. “The fact that...
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Major economies move on money laundering, but what about the Cayman Islands?
January 15th, 2015
The final two months of 2014 saw a surge of positive news for civil society whose collaborative and consolidated efforts over recent years to push for greater corporate transparency measures are now seeing the light. Civil society has called for greater light to be shed on the real living people who ultimately own or control companies – the beneficial owners. Current levels of secrecy mean that global detection rates for illicit funds by law enforcement are as low as 1 percent for criminal proceeds.
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Luxembourg Leaks Show that Corporate Secrecy is Alive and Well
November 6th, 2014
WASHINGTON D.C. — Newly leaked documents detailed by the International Consortium of Investigative Journalists describe worrying tax arrangements negotiated between Luxembourg and more than 340 multinational companies. The details of the agreements offer a first hand look at the methods use by corporations to shift profits around the world with ease. “While G20 leaders proclaim that
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The European Parliament said it will investigate the recent murder of Maltese investigative journalist Daphne Carua… https://t.co/N9PmkwiZZ6
- Tuesday Nov 21 - 10:52am

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