Financial Transparency Coalition

The July 2014 newsletter tracks two major announcements from the Organization for Economic Cooperation and Development (OECD) on cross border tax information exchange and corporate profit shifting. Additionally, Alvin Mosioma, Executive Director of Tax Justice Network Africa, and Chair of the FTC’s Coordinating Committee, was named to the Steering Committee of the Open Government Partnership.

The Financial Transparency Coalition submitted a letter to the 6th BRICS (Brazil, Russia, India, China, South Africa) Summit, which was held in Fortaleza, Brazil on July 15-17, 2014. In the submission, the FTC called for BRICS leaders to prioritize increased tax revenue as an avenue to financing development, adopt transparency measures to curb illicit financial

In this edition of the FTC newsletter, the Secretariat updates on Indian Prime Minister Narendra Modi’s efforts to track black money, Coalition participation in the Civil Society 20, a G20 CSO group, and information on our 2014 conference, which took place in Lima, Peru. Download the newsletter here

Prior to their meeting in Washington, D.C. on April 10-11, 2014, the Financial Transparency Coalition submitted a letter to each Minister outlining the need for the G20 to act on three issues central to illicit financial flows: collection of beneficial ownership information, public country by country reporting for multi-national companies, and the automatic exchange of