Financial Transparency Coalition

DG TAXUD, the taxation and customs department of the EU civil service, is working on a strategy on tax havens and unfair tax competition to be released in the last quarter of the year. This is an extremely welcome step, as the communication addresses several key issues. It recognises that not only double taxation but also double non-taxation is a problem when working out how to tax cross border wealth and income; proposes the introduction of automatic information exchange at EU level; and explores several concrete measures against non-cooperative tax jurisdictions and aggressive tax planning. However, in many ways...

LONDON - Government plans to make life harder for ‘cowboy’ tax advisers selling aggressive tax avoidance schemes to UK tax payers are welcome but will make little difference in the battle to tax the trillions hidden offshore, Christian Aid says today.

OECD - During his visit to Tunisia, the Secretary-General of the Organisation of Economic Co-operation and Development (OECD), Angel Gurria, met with the Tunisian Prime Minister, as well as government ministers and the President of the National Constituent Assembly, in order to discuss the co-operation between Tunisia and the OECD.

WASHINGTON, DC – Global Financial Integrity applauded the Senate Permanent Subcommittee on Investigations today on this week’s hearing, “U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History.” The hearing painted a picture of a bank that chose profit over protection, failing to apply legally mandated anti-money laundering protections to many of its accounts.