Financial Transparency Coalition

76 civil society organizations, including 7 members of the Task Force—Christian Aid, Eurodad, Global Financial Integrity, Global Witness, Tax Justice Network, Tax Research UK, and Transparency International—submitted the attached letter to G20 Anti-Corruption Working Group officials on February 11, 2011. The letter affirmed the civil society groups' support for the G20’s work combating corruption, urged swift action and made recommendations.

OK, it seems a bit premature to be thinking about Mexico’s G20 before we’re anywhere near November 2011 and Paris. But there are good reasons to start thinking about 2012 – and good reasons to think that it could be the first G20 that puts financial integrity and the combating of illicit flows right up front and centre. There are important measures that can be pursued in 2011, and pressure must be maintained on President Sarkozy to deliver concrete actions to back his administration’s strong words on the damage done by secrecy in tax havens. With luck, however, the French...

WASHINGTON, DC – A new global campaign challenging French President Nicolas Sarkozy and the G20 to make a firm commitment to ending tax haven secrecy launched today at the World Social Forum in Dakar. Organizations involved include ActionAid, Christian Aid, Eurodad, Global Financial Integrity, Oxfam International and the Tax Justice Network.

This report "A confused economy", highlights the distortions between the real economy and the indicators that guide the G20 and the International Financial Institutions. Investments, trade, savings, production- the report shows how the use of offshore financial centres makes any measurement of these indicators impossible. At the heart of this economic lie, the report points to the important role of multinationals and banks- the top users of tax havens.