Financial Transparency Coalition

A report from Spanish observatory on foreign affairs from the Fundación alternativas, reveals that measures adopted by the G20 to fight against tax havens and tax evasion have not been implemented yet. The report entitled “The fight against tax havens and tax evasion: Progress since the London G20 summit and the challenges ahead” proposes ways to implement measures that have already been adopted. The financial crisis in 2008 highlighted the harmful effect of tax havens on the economy of developed and developing countries. It was a key issue at the G20 London Summit in April 2009, where leaders...

NEW DELHI – While the Union budget disappointed those hoping for an amnesty scheme for black money transactions, top North Block officials virtually ruled out any such plan in the future.

WASHINGTON, DC – Global Financial Integrity (GFI) joined 76 civil society organizations in calling upon the G20 to take action on corruption. In a letter submitted to G20 officials last week, the civil society groups affirmed their support for the G20’s work combating corruption, urged swift action and made recommendations.

The recent events in Tunisia and Egypt have demonstrated the power of citizens who won’t endure corrupt governments any longer. Their call for accountable and transparent leadership to ensure an equal distribution of public goods was heard around the world. In France, the UK and Switzerland governments heeded calls to freeze and investigate the assets of ex-president of Tunisia Ben Ali and ex-president of Egypt Hosni Mubarak and their families. There should be no impunity for those who wield power for their own benefit and not for their people. The international community...