Financial Transparency Coalition

The FTC organised on July 16 a high-level event on the G20 minimum corporate tax proposal in partnership with ICRICT, TJNA, APMDD and Fundación SES.

Amid great fanfare last weekend, the G7 finance ministers agreed to propose a global minimum corporate tax of at least 15 percent, presented as a landmark decision to end tax avoidance by multinational companies and to help all countries raise funds to fight the Covid-19 pandemic.

Earlier this year, those of us advocating for increased financial transparency and an end to tax-dodging by multinational corporations were excited about the European Union potentially implementing some of the most progressive, pro-transparency regulations the world had ever seen. Beginning in 2016, the European Commission launched a draft directive to implement strong, uncompromising country-by-country reporting

The FTC is proud to share this post from FTC Director Matti Kohonen, on taxes and personal income—and why much more transparency is needed.  Last month was Tax Day in America, and this is how much I paid – information that I believe should be made public.