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The FTC’s New Look
April 29th, 2015
You may have noticed that things look just a tad different on our website. A redesign of the Financial Transparency Coalition website has been in the works for while, and it’s now become a reality, thanks in no small part to a great design firm. We want to be a place where journalists, policymakers, and concerned
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The world can’t afford to exclude developing countries from new anti-tax evasion system
March 16th, 2015
BRUSSELS—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...
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This weekend, G20 leaders should roll up their sleeves and work on common sense measures to curb illicit cash
November 14th, 2014
BRISBANE—While G20 leaders are poised to address many of the vehicles that are integral to allowing almost one trillion dollars to flow out of developing countries each year, political pressures should not force talks to backtrack. “The fact that so many of the world’s leaders are in one place is a rare opportunity to get things done,” said Porter McConnell, Manager of the Financial Transparency Coalition. “The summit should not be seen as a rubber stamping process; heads of state should use their 48 hours in Brisbane wisely to reach consensus on some common sense measures before them to curb...
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Luxembourg Leaks Show that Corporate Secrecy is Alive and Well
November 6th, 2014
WASHINGTON D.C. — Newly leaked documents detailed by the International Consortium of Investigative Journalists describe worrying tax arrangements negotiated between Luxembourg and more than 340 multinational companies. The details of the agreements offer a first hand look at the methods use by corporations to shift profits around the world with ease. “While G20 leaders proclaim that
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