Financial Transparency Coalition

Oxfam International has released a new report calling on the G20 to make the connection between secrecy jurisdictions and the harm they do to developing countries. Section 5 of the report states:

All countries should be able to generate their own income by promoting fair taxation. Yet currently, many countries are constrained in their attempts to raise resources domestically or to apply appropriate tariffs because of problems in the international system. At the G20 London Summit in 2009, leaders promised to stand together against tax evasion and avoidance. The G20 should honour its commitments to tackle the tax havens that...

On 9 December 2010, the European Parliament’s Committee on Development will vote on the Draft Report on Tax and Development led by Member of the European Parliament Eva Joly. The report aims to present the European Parliament’s views on the initiatives set forth by the European Commission in the Communication on Cooperation with Developing Countries on Promoting Good Governance in Tax Matters. This report is good news for civil society organisations such as Eurodad that are advocating to effectively clamp down on tax havens and stop more than USD 600 billion of tax-related illicit flows bleeding the...

NEW DELHI: Ahead of G20 meet in South Korea, think-tank Oxfam said the bloc of 20 countries should devise methods to tackle tax havens, so that the interest of developing nations could be protected.

David McNair of Christian Aid has an article on Comment is Free at the Guardian this morning. Talking about the proposed tax agreement with Switzerland he says:

The government might call it pragmatism but its talks with Switzerland, about how to tackle the £100bn or so which Britons have hidden in Swiss bank accounts, suggest that it is suffering from both naivety and a severe case of beggar-thy-neighbour. What the two governments have said is that they will try to do a deal to give the UK some of the tax that its...