April 27th, 2011
Ever since the general introduction of the body scanner and enhanced pat-down in airport security lines, there’s been a furious debate in America over just how much privacy we are willing to give up for the sake of our safety in the skies. Organizations like the American Civil Liberties Union (ACLU) argue that security should not “come at the expense of civil liberties.” Other people just don’t feel comfortable with strangers seeing them virtually naked. Those on the other side argue the loss of privacy is an unfortunate byproduct for the reassurance of safety.
In the last...
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April 25th, 2011
Media Coverage Report Card: Trending Accountability
Global Financial Integrity evaluates the Media’s current coverage of corporate tax dodging and tax havens
Corporate tax shenanigans have been in the news a lot lately. Here’s a quick guide to the stories currently shaping the debate over US tax policy and raising the “injustice level” from “amusingly frustrated” to “Shut-Down Congress Red.”
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April 21st, 2011
Will Syria, Yemen, and Bahrain see regime change as neighboring Tunisia and Egypt have? Historic unrest and political upheaval are reshaping the landscape and defying the best guesses of external observers as to what will happen in the Arab world next. What is clear is the role corruption and illicit financial practices have played in bringing these countries to the brink of revolution – and in some cases beyond.
The magnitude of these illicit practices is staggering—Global Financial Integrity (GFI) estimates that corruption and crime removed a cumulative $49.5 billion from Bahrain, Syria, and Yemen from 2000-2008. Put into context,...
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April 15th, 2011
Transcendent New Book Links Financial Crisis, Corruption, Crime to Offshore System
It links terrorism to the financial crisis, corporate tax evasion to Mexican drug cartels, corrupt kleptocrats in developing countries to the ruling elites in some of the biggest countries in the world. It is the very opaque offshore financial system, and it is the focus of
Nicholas Shaxson's enlightening new book, "
Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens," which was just published in the United States this week.
Reading like a John le Carré thriller,
Treasure Islands whisks you from the echelons of...
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