Financial Transparency Coalition

Last week Christian Aid welcomed the G20′s bold pronouncements on tax havens, financial transparency and development. President Sarkozy went as far as to say that havens that didn’t comply would be excluded from the international community. A whole programme of work on tax and development was agreed. Our scorecard compares the recommendations made, with what the G20 actually delivered. The scores that we attribute to the G20 simply evaluate their response to that expert opinion.

In 2006 the Global Forum published a review of the legal and administrative frameworks in the areas of transparency and exchange of information for tax purposes covering 82 jurisdictions, entitled Tax Co-operation: Towards a Level Playing Field – 2006 Assessment by the Global Forum on Taxation. This publication was followed by four annual assessments, with the 2010 publication covering 93 jurisdictions. Following the restructuring of the Global Forum, a program of indepth peer reviews was launched in 2010. This 2011 Report on Progress publication describes the progress made since the Global Forum launched its peer review mechanism in 2010.

Reveal names of black money account holders to public: L K Advani to govt The Economic Times, November 2, 2011 Is Switzerland Losing Its Status As An International Tax Haven? PolicyMic, November 2, 2011 LEVIN: Want to cut the deficit? End offshore tax abuses Argus-Press, November 1, 2011 Tax Evaders Face Greater Scrutiny as National

The Swiss Bank Myth The Times of India, November 1, 2011 Curb fake currency to check inflation: RTI activist Rediff Business, October 31, 2011 140 governments pledge to tackle dictators’ loot in wake of Arab Spring Global Witness, October 28, 2011 G20: Protesters want focus on people, not finance The Associated Press, November 1, 2011