Financial Transparency Coalition

Amid great fanfare last weekend, the G7 finance ministers agreed to propose a global minimum corporate tax of at least 15 percent, presented as a landmark decision to end tax avoidance by multinational companies and to help all countries raise funds to fight the Covid-19 pandemic.

Washington DC – The UK should stop blocking attempts to implement a global minimum corporate tax that enables developing countries to raise much-needed funds for the Covid-19 response, according to the Financial Transparency Coalition (FTC).

On April 27, the FTC hosted a high-level panel to discuss our new Covid Bailout Tracker, which revealed a set of staggering findings regarding governmental funding responses to the pandemic. The panel discussion, which can be viewed in its entirety here (and below), touched on a range of topics, from global minimum corporate taxes to

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.