Financial Transparency Coalition

This year, 85 per cent of the world’s population is expected to live under austerity measures, likely further widening inequality.

The Financial Transparency Coalition (FTC) and the Independent Commission for the Reform of International Corporate Taxation (ICRICT) held a virtual event on Wednesday, 22 February 2023.

The year 2023 is going to be crucial for financial transparency and tax justice, as countries around the world desperately seek funds amid multiple crises, whist grappling with the impact of the COVID-19 pandemic.

G20 leaders met in Indonesia in the midst of multiple crises, with 85 percent of the world population expected to face austerity measures and severe budget cuts next year that will impact the most vulnerable compounded by an insufficient response to the Covid-19 pandemic, with only 38 percent of relief funds going to social protection in global South countries.