Financial Transparency Coalition

In April 2013′s Taxcast: ‘offshore leaks’ blows the lid off secrecy for sale, the G20 endorse greater transparency (but let’s not get too excited), Luxembourg agrees to lift its banking secrecy, Austria next? And the Taxcast takes a look at fake foreign direct investment.

BERLIN - Transparency International calls on finance ministers from the Group of 20 leading economies (G20), meeting this week to maintain the growing pressure for greater corporate transparency, particularly of financial institutions.

For the first time, the Task Force Regional Representatives delivered specific recommendations to the BRICS governments, which met in South Africa this week. The BRICS countries hold a unique position among developing countries and emerging markets: they suffer from the same persistent problems relating to international taxation, transfer pricing, exchange of information, and tax evasion and avoidance that affect the rest of the developing world, but unlike many developing countries, hold significant power and influence at the international institutions and fora. All five BRICS are members of the G20, and Russia holds the Presidency this year.

WASHINGTON, DC – Global Financial Integrity (GFI) today praised the United Nations High-Level Panel (HLP) of Eminent Persons on the Post-2015 Development Agenda for highlighting the need to tackle illicit financial flows and the role of tax havens as key to global development moving forward.