December 14th, 2016
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.
December 9th, 2016
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
October 2nd, 2016
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
December 8th, 2015
This December 2015 report from Global Financial Integrity, “Illicit Financial Flows from Developing Countries: 2004-2013,” finds that developing and emerging economies lost US$7.8 trillion in illicit financial flows from 2004 through 2013, with illicit outflows increasing at an average rate of 6.5 percent per year—nearly twice as fast as global GDP.