More News

Countdown to Lima Conference: Transforming the post-2015 momentum into an enduring fiscal justice movement
October 9th, 2014
Experts, advocates, government officials and journalists from all regions of the globe will be gathering next week in Lima, Peru to scale-up strategic efforts to curb illicit financial flows in ways which ensure sufficient, equitable and accountable financing of sustainable development. The timing couldn’t be more auspicious. As governments move into the final stages of negotiating a set of new Sustainable Development Goals (SDGs) to replace the Millennium Development Goals after their expiration date next year, this post-2015 momentum represents a once-in-a-generation opportunity to shape the contours of national government priorities, policies and financing decisions in areas from education to...
Continue Reading
Press Release: No Role for Public Scrutiny in OECD Plan to Curb Corporate Tax Dodging
September 16th, 2014
WASHINGTON, D.C. — The Organization for Economic Cooperation and Development’s (OECD) new recommendations to fight multinational corporate tax avoidance look robust from the onset, but there’s something missing. Since the most vital reporting information will remain out of the reach of ordinary citizens, the recommendations don’t do enough to bring transparency to a global financial system badly in need of it. The OECD’s project on Base Erosion and Profit Shifting (BEPS) is intended to crack down on the ability of corporations to move profits overseas, through mis-invoicing trade transactions to avoid taxes and other dubious practices. With nearly a trillion...
Continue Reading
INFOGRAPHIC: Automatic Exchange of Information Shouldn’t Leave Countries Behind
July 28th, 2014
The Organization for Economic Cooperation and Development (OECD) is moving towards implementing a new tool for catching tax evaders: automatic exchange of financial information (AEOI). While the name might sound a bit confusing, the idea is pretty simple. Governments in the system will share financial information with each other at designated intervals, enabling authorities to find individuals and corporations that are stashing assets in foreign countries to evade taxes. While it’s a welcome initiative, we have serious concerns about the OECD's efforts thus far to include developing countries. Developing countries are some of the hardest hit by tax evasion and...
Continue Reading
Follow @FinTrCo