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Open Cayman: Reputation, rhetoric and reality
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
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Switzerland’s Two Faces of Secrecy
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,...
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Is global governance of finance fit for purpose?
March 28th, 2014
x 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.
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2013 Financial Secrecy Index
November 7th, 2013
New index reveals UK runs biggest part of global secrecy network TJN’s 2013 Financial Secrecy Index exposes yawning gap between G20 rhetoric and reality Today the Tax Justice Network launches its 2013 Financial Secrecy Index, the biggest ever survey of global financial secrecy. This unique index combines a secrecy score with a weighting to create a ranking of the countries that most actively and aggressively promote secrecy in global finance. Click here for the Financial Secrecy Index. This new edition of the Financial Secrecy Index shows that the United Kingdom is the most important global player in the financial secrecy world. While the...
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The 5th EU Anti-Money Laundering Directive is a massive step forward for uncovering the real owners behind EU compa… https://t.co/KDmNsSSSRM
- Saturday Dec 16 - 4:40pm

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