Financial Transparency Coalition

We have had good press coverage for yesterday’s UK-Swiss tax deal analysis, which reveals how the UK government’s claims that it will net 4-7 billion pounds in tax revenues are fatally flawed. See, for example: Swiss-U.K. Tax Agreement May Be ‘Revenue-Negative,’ Group Says – Bloomberg Swiss tax deal could end up costing UK – Guardian

WASHINGTON, DC – In reaction to the recently released communiqué from the G20 Finance Ministers’ meeting in Paris last week, Global Financial Integrity (GFI) voiced disappointment and urged the G20 to move beyond “piecemeal regulations” and adopt comprehensive reforms to create greater transparency and accountability in the world’s financial system.

LONDON – Policy makers are failing to live up to the pledges of the world’s most powerful nations to tackle tax haven secrecy, according to the latest findings of an index that analyses the contribution different jurisdictions make to this global threat.

Financial Secrecy Index – the G20’s broken promise October 4, 2011. Today we launch our 2011 Financial Secrecy Index, the biggest investigation of global financial secrecy in world history. It combines a secrecy score with a weighting to create a ranking of the countries that most aggressively provide secrecy in global finance. The new FSI, which follows our inaugural index of 60 jurisdictions published in 2009, considers 73 jurisdictions to reveal a world where most of the biggest suppliers of secrecy are either OECD countries, EU members, or their dependencies. Britain plays an especially prominent role. Secrecy is alive and well World...