Financial Transparency Coalition

The nine regional councils will ask for country by country reports from their banks and insurers. This will include the following details: Name and number of subsidiaries; numbers of staff employed; profits and amounts of taxes paid. This information should be provided by the company six months after its annual report is published. This information is invaluable in calculating whether a company is paying its fair share of tax in each country. The precedent this sets is very important as the EU is currently considering introducing country by county reporting. The Comite Catholique Contre La Faim et Pour Le...

Our colleagues at CCFD-Terre Solidaire in France have prepared a progress report (in French) on what has changed since the G-20 Summit in London last year. Sadly, it does not make for happy reading. The report addresses 12 questions, as follows:

1. Have we seen the end of tax havens?
2. What purpose have the OECD black and grey lists served?
3. Are tax authorities able to tackle evaders more easily?
4. Is G-20 capable of publishing a full and proper list of tax havens?
5. What have been major success stories for tax authorities since...

Task Force member Global Financial Integrity echoed the sentiments of other civil society organizations today, including Task Force member Tax Justice Network, in condemning the harassment of Cameroonian journalist Jean-Bosco Talle for his part in fighting corruption in the West African nation. From GFI's statement:

Following publication of the report “Biens mal acquis” or “Ill-Gotten Gains,” by the French non-profit organization Catholic Committee against Hunger and for Development (CCFD) last month, Mr. Talla, editor of the Cameroonian newspaper Germinal, has been harassed and his life has been threatened. The report presents estimates for...