Financial Transparency Coalition

The 2010 annual conference of the Task Force on Financial Integrity and Economic Development will take place September 28-29 in Bergen, Norway. Register now to reserve your place.

A report prepared by the staff the of the Joint Committee on Taxation for a public hearing held on 22 July 2010 before the House Committee on Ways and Means includes six case studies of companies that reported effective tax rates at least 10 percentage points lower than the U.S. statutory rate for a period of years, along with large gaps between the countries in which they reported sales and the countries in which they reported earnings.

A new Business Against Tax Havens report, 'Unfair Advantage: The Business Case Against Overseas Tax Havens,' looks at the unfair advantages that large companies have as a result of tax evasion and the amount of revenue lost in tax havens. The report puts forth nine policy recommendations, which include banning offshore corporations and repealing the 80/20 rule.

On July 9, Raymond Baker and Tom Cardamone of Global Financial Integrity, leading coordinator of the Task Force on Financial Integrity and Economic Development sent a letter to the International Accounting Standards Board (IASB) to make comment on the IASB Dicussion Paper's promotion of country-by-country reporting. Download the PDF to the left or see the full text below.