Financial Transparency Coalition

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.

On April 27, the FTC hosted a high-level panel to discuss our new Covid Bailout Tracker, which revealed a set of staggering findings regarding governmental funding responses to the pandemic. The panel discussion, which can be viewed in its entirety here (and below), touched on a range of topics, from global minimum corporate taxes to