Financial Transparency Coalition

GFI’S Heather Lowe to Deliver Remarks on Impact of Illicit Financial Flows, Financial Secrecy at High-Level Tax Policy Conference

Global Financial Integrity

WASHINGTON, DC – Global Financial Integrity’s Legal Counsel and Director of Government Affairs, Heather Lowe, will deliver remarks at the Brazilian Council of Economic and Social Development’s International Seminar on Fiscal Justice on Wednesday, August 10, 2011. Ms. Lowe’s remarks will be part of the seminar’s fiscal policy, productivity and competitiveness panel.

“I will be providing international context for what will be a very nationally-focused tax-matters conference,” said Ms. Lowe. “Our analysis of illicit financial flows found that Brazil lost, on average, $7 billion per year to crime, corruption, and tax evasion from 2000 through 2008. Curtailing these harmful outflows is crucial to Brazil’s fiscal reform policy.”

According to materials released from the Brazilian Council of Economic and Social Development (CDES), Wednesday’s seminar will aim to develop a “fair, simple, rational and progressive tax structure, which holds efficient taxes capable of stimulating production and employment as inseparable conditions from the Brazilian development with social justice agenda.”

The Seminar will have three panels of discussion:  Fiscal Justice, Fiscal Federalism and Regional Development, and Fiscal Policy, productivity and competitiveness.

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Notes:

1. For more information on Heather Lowe, GFI Legal Counsel and Director of Government Affairs, click here.
2. To visit the official seminar website (in Portuguese), click here.
3. For more information on our analysis of illicit financial flows from developing countries, click here.
4. To quickly find out how much a particular country/region loses in illicit financial flows, click here.

Contact:

Monique Perry Danziger
mdanziger@gfip.org
+1 202 293 0740 ext. 222

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The Task Force on Financial Integrity and Economic Development addresses inequalities in the global financial system that penalize billions of people, and advocates for improved transparency and accountability.

Global Financial Integrity is a  coordinating committee and founding member of the Task Force on Financial Integrity & Economic Development .

For additional information please visit  http://www.financialtransparency.org .