Financial Transparency Coalition

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

The World Bank’s private-sector entity - the International Finance Corporation (IFC) - seeks to increase tax payments to the government in developing countries through supporting their natural resource projects. This report documents that this aim can be undermined by IFCclients’ tax planning. IFC’s response is that “it is not likely to be true in almost all projects within the extractive industries”. IFC wants to “create opportunity for people to escape poverty and improve their lives” through private-sector development in poor countries. Oil, gas and mining companies are among those receiving support from IFC. For each project IFC mentioned, the ...