Financial Transparency Coalition

William Jefferson's federal corruption trial will forever and always be remembered as the one about the guy with the cash in his freezer.

ALEXANDRIA, VA. - Former Democratic Congressman William Jefferson was found guilty of 11 of 16 corruption charges today by a federal jury.

The U.S. Congressional Research Service (CRS) has issued a detailed new report looking at secrecy jurisdictions (also sometimes known as tax havens). The report, which references our work in several places, is packed with data and useful material. For example, looking at methods of corporate tax avoidance, it mentions:

• Allocation Allocation of Debt and Earnings Stripping (p8, "borrow more in the high-tax jurisdiction and less in the low-tax one." - note also our latest blog)
• Transfer pricing(p9, "By lowering the price of goods and services sold by parents and affiliates in high-tax jurisdictions and raising the price of...

By Robert Morgenthau - The U.S. Senate Committee for Homeland Security and Governmental Affairs is considering a bill that would require the states, when they allow someone to create a corporate entity, to obtain information about the true ownership of the corporation.