March 23rd, 2010
Today, the Foreign Minister of Norway unequivocally declared that illicit financial flows channeled through tax havens are a significant impediment to economic development in the developing world. In a
speech before the Storting, the Norwegian Parliament, Foreign Minister Jonas Gahr Støre
stated:
Illicit capital flows, frequently channelled through tax havens, are a significant obstacle to economic and social progress in many developing countries. This has become even more apparent during the financial crisis. Increasing attention is being paid to the problem of tax evasion in countries such as the US, the UK and...
March 19th, 2010
Washington — A new report released today from Global Financial Integrity (GFI) on private, non-resident deposits in secrecy jurisdictions finds that the United States, United Kingdom, and the Cayman Islands are the most popular destinations for financial deposits by non-residents. Switzerland, Luxembourg, and Hong Kong also make the top 10 list of destinations.
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February 12th, 2010
Washington, DC -- Developing country treasuries are losing approximately $100 billion dollars every year due to trade mispricing, according to a new report available today from Global Financial Integrity (GFI).
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January 28th, 2010
On 27th January 2010, the OECD hosted a joint meeting of the Committee on Fiscal Affairs and the Development Assistance Committee, bringing together the tax and development communities for the first time. Participants agreed on a set of general principles to guide follow up action.
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