May 3rd, 2018
PRESS RELEASE The Financial Transparency Coalition welcomes the news that the UK will finally be able to open up the financial centres in the British Overseas Territories. This has come about after the UK Government accepted a cross-party amendment to the Sanctions and Anti-Money Laundering Bill for Britain’s Overseas Territories to bring in public registers
April 12th, 2017
Last week I took up the kind invitation of the government of Cayman to speak at their conference on ‘Tax Transparency in the Global Financial Services Ecosystem’, and to meet with staff from the monetary authority, statistics office and corporate registry; and with a range of industry representatives including those from the compliance association and
July 11th, 2014
For about five years now, nations around the world have called on Switzerland to change its secret ways. Over these years Switzerland’s banks, which hold nearly one-third
of the estimated $7 trillion in global wealth kept offshore, have borne much of the brunt of the U.S. Department of Justice’s campaign
against banks facilitating tax evasion by American citizens. Other nations, such as India, have also followed suit. And although Switzerland has attempted to cultivate an image of international cooperation – the reality of Swiss banking secrecy has been more of the same.
For the purposes of outward appearances,...
March 28th, 2014
This post originally appeared on the blog of FTC member, Tax Justice Network.
Last year, our colleagues at New Rules for Global Finance published a ground-breaking report on the governance and accountability of the leading financial rule-setting institutions, including those covering international tax cooperation, such as the G20, the OECD, the UN Tax Committee, and the IMF. Their report is available here