Financial Transparency Coalition

LONDON – Hunger and malnutrition in childhood will trap almost a billion young people in poverty by 2025, according to a major new campaign, launched today by Britain’s leading development charities and faith groups. ‘Enough Food for Everyone IF’ is the largest coalition of its kind in the UK since Make Poverty History in 2005.

BEIJING - The Shanghai Stock Exchange (SSE) has the potential to play a greater role in improving extractive company transparency and disclosure and build on its existing social responsibility and corporate governance measures, said Global Witness and Syntao in a new report published today.

Tax evasion poses an acute challenge to developing and developed countries. From 2000 to 2010, illicit financial flows deprived developing countries of US$5.86 trillion. Tax evasion is not a victimless crime – for people in the developing world, the consequences of tax evasion can be a matter of life and death. If developing countries could recover this untaxed wealth, it could mobilise enormous resources for improving their public services and their citizens’ lives.

WASHINGTON, DC – Crime, corruption, and tax evasion cost the developing world $858.8 billion in 2010, just below the all-time high of $871.3 billion set in 2008—the year preceding the global financial crisis. The findings are part of a new study released today by Global Financial Integrity (GFI), a Washington-based research and advocacy organization.