Financial Transparency Coalition

To get to the bottom of corruption, Transparency International analyses a range of critical societal institutions (such as the business, media or political parties) and assesses their ability to prevent corruption. This ‘national integrity system’ assessment has been carried out in more than 70 countries worldwide, with 25 of the studies recently completed or being finalised across Europe. The Greece report finds that several “pillars” of the Greek anti‐corruption system have fundamental flaws, the most significant of which is a crisis of values, typified by broad scale acceptance of and participation in corruption.

The OECD Working Group on Bribery has just adopted its first evaluation report of Russia’s implementation and enforcement of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (OECD Anti-Bribery Convention). The Working Group on Bribery notes that some concerns remain in Russia’s legislation for fighting foreign bribery that will need to be further reviewed during Phase 2.

Using consistently credible sources the resulting estimate of tax evasion in the European Union is approximately €860 billion a year. As the report notes, estimating tax avoidance, which is the other key component of the tax gap in Europe, is harder. However, an estimate that it might be €150 billion a year is made in this report. In combination it is therefore likely that tax evasion and tax avoidance might cost the governments of the European Union member states €1 trillion a year. These losses can only be accurately located with regard to tax evasion. Italy loses the most...

Russia today took a major step toward upholding international anti-bribery standards by depositing its instrument of accession to the OECD Convention at a ceremony at the OECD in Paris. OECD Secretary-General Angel Gurría received Russia’s instrument of accession from First Deputy Minister of Foreign Affairs Denisov and First Deputy Minister of Justice Fedorov. OECD Secretary-General Angel Gurría received Russia’s instrument of accession from First Deputy Minister of Foreign Affairs Denisov and First Deputy Minister of Justice Fedorov.