March 20th, 2015
Lately, we've had quite a few reasons to get outraged as global citizens, especially when looking at the financial system, which seems all too well rigged in favor of a small, wealthy elite. We've learned of secret tax deals undoubtedly concocted in ominously tall office buildings between some of the worlds biggest companies and a tax haven; and we've also learned of billions of dollars that were being held by a Swiss bank by the world's wealthiest, amid claims that the bank was helping many of these people...
March 16th, 2015
—Weeks after the shocking revelations of wide-spread tax evasion at HSBC’s Swiss branch, a new report from a European Commission expert group on the Automatic Exchange of Financial Information (AEFI)
makes it clear that the world can’t afford to exclude developing countries from new anti-tax evasion measures.
The expert group set out to address a number of questions around new efforts to clamp down on tax evasion through the automatic exchange of financial information between governments. Composed of business and industry associations, as well as some civil society groups, including the Financial Transparency Coalition (FTC), the panel concluded that...
December 12th, 2014
December 10th, 2014