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FTC Discusses New Covid Bailout Tracker
May 6th, 2021
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
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How to Combat Illicit Financial Flows During a Pandemic
March 17th, 2021
Curbing illicit financial flows (IFFs) under typical conditions is difficult—but trying to do so on top of battling a pandemic is a recipe for even more challenges. From travel shutdowns to figuring out digital collaboration, the past year has been one of constant obstacles and struggles. In addition to everything the Covid-19 pandemic threw our
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Brazil Pushes to End Tax Haven Secrecy
June 4th, 2012
Brazil’s Parliament is considering measures to eliminate tax havens. These havens are problematic for Brazil and other nations because they reduce tax revenues, hurting spending budgets. Brazil has 33 conventions and one agreement signed with countries for curtailing tax abuse. However, among them all, there are no provisions that require exchanges in financial information from the Cayman Islands, the Virgin Islands, or the Bahamas, among others. For those three jurisdictions alone, Brazil has a total estimated US $61.2 Billion of direct investment. Opaque systems such as this allow for large scale tax evasion. Brazil needs...
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