Financial Transparency Coalition

Today’s international tax rules, which were drawn up nearly a century ago, have not kept pace with the massive changes in the world economy.   The system is governed by two broad principles. First, it treats transnational corporations (TNCs) as if they were loose collections of separate entities operating in different countries. Because there is

The Greek debt crisis has left many of its citizens on the margins, presenting one of the greatest socio-economic upheavals in the nation’s recent history. With the effects of the crisis endemic and no immediate end in sight, it is important to understand some of the underlying causes of the failure, especially corruption. Petty corruption

This report has three objectives. It: Explains the ways in which tax evasion occurs within and between EU member states; Estimates the total losses to EU Member State Treasuries arising from that evasion and tax avoidance; Identifies policy options, from the modest to the radical, for intensifying EU and Member State action against such abuse.

When it comes to confronting the issue of  ill-gotten money (through corruption or tax evasion, for example) and its negative impact on development outcomes, we development professionals have often been guilty of tinkering at the edges of the problem, while avoiding confronting its root cause. Through recent work, we are attempting to rectify this dilemma.