Financial Transparency Coalition

PARIS (OECD) – Due to the recent financial and economic crisis, global corporate losses have increased significantly. Numbers at stake are vast, with loss carry-forwards as high as 25% of GDP in some countries. Though most of these claims are justified, some corporations find loop-holes and use ‘aggressive tax planning’ to avoid taxes in ways that are not within the spirit of the law.

PARIS – Greece’s ambitious programme to tackle its economic crisis can succeed in rebuilding growth, jobs and living standards if the reforms are fully implemented, according to a new OECD report.

British government gets tough on corruption abroad Ghana Business News, July 28, 2011 ING says could face fines following U.S. investigation Reuters, July 27, 2011 Fail, Brittania NPR, July 29, 2011 India cabinet drafts anti-graft bill, activists slam as weak Reuters, July 28, 2011 UK ‘helps dictators buy Paris homes’: African leaders accused of stealing

Business leaders look forward to the “Stop Tax Haven Abuse Act” Business Day, July 14, 2011 Tax Haven abuse costs the UK government £16 billion per year Telegraph, July 13, 2011 Seoul to clamp down on wealthy people’s offshore tax evasion Yonhap, July 14, 2011 Armor Holdings charged in U.N. bribery scheme Washington Post, July