Financial Transparency Coalition

The vast majority of Covid-19 recovery funds have gone to big corporations instead of toward welfare, small firms, or those working in the informal economy, according to the first major analysis of public bailout funds disbursed in developing countries during the pandemic.

Illicit financial flows are constantly in flux, and our understanding of them keeps evolving. Estimating just how much money is lost through corruption, tax evasion, money laundering, and tax avoidance can be a difficult task. But understanding what estimates are out there, and what they mean, shouldn’t be.

This report from the Tax Justice Network, funded by the FTC, explains obstacles around sharing of country by country reporting information, and shows the extent of the inequality in access that has been created by the OECD approach. However, the report also provides examples of jurisdictions that have legislated in their domestic laws to obtain

A new working paper from the Financial Transparency Coalition takes an in-depth look why open data standards are instrumental in harnessing the full power of financial transparency initiatives like beneficial ownership transparency and public country-by-country reporting. Publishing information in open data formats is critical to helping legislators, journalists, and citizens understand loopholes in current laws, and will