Financial Transparency Coalition

The New Year is a great time for resolutions. Of course most of these resolutions are made on a personal basis. But resolutions can also be made on a national and international level. So in that spirit, here are five resolutions from the FTC and some of our Coalition members. These reforms and priorities, if

This year saw a great deal of progress on financial transparency. From the G20 Summit in St. Petersburg to 10 Downing Street, the world has committed to more transparency both in words and in actions. Specifically, the events of this year have shown the world is eager to cooperate on issues of transparency and there is significant momentum building for significant and sustainable change. Here’s a review of some of the big events in 2013. Many of the developments in 2013 showed the world is more willing to cooperate on issues of transparency. At its heart, transparency requires cooperation....

There is an old proverb that goes something like this: “one finger cannot lift a pebble.” And while reducing cross-border tax evasion is not like lifting pebble—it’s more like hauling a boulder—it is true that it cannot be achieved unilaterally. No single country can stop, stem, or slow offshore tax evasion by its own citizens without the help of at least one other nation. This is true by definition. Historically much of the bilateral cooperation on tax evasion has been less than amicable. That is changing. Increasingly, we are seeing that the cooperation in matters of tax between nations—particularly wealthy...

Two great editorials today. The first, from the New York Times, responds to last week's Senate hearing over Apple's tax abuses by calling for country-by-country reporting, a Coalition policy goal, and ending corporate tax deferral in the United States. This is great news, and will hopefully help persuade U.S. policy measures to address the worst problems in their corporate tax code. The second, from the Financial Times, also calls for country-by-country reporting at the EU level. Furthermore, it calls for another Coalition policy goal, automatic exchange of tax information.