July 31st, 2009
Task Force member Global Financial Integrity made a couple of press appearances today. GFI Director Raymond Baker appeared in an Associated Press (AP)
article discussing the UBS case, and GFI Mananging Director Tom Cardamone
discussed the case on Canada's Business News Network (BNN).
From the AP
article:
Raymond Baker, director of the Global Financial Integrity, an organization that works to end illegal international money transfers, said it's critical that U.S. officials push for greater information sharing so tax evasion and other financial crimes can be investigated.
"What happens with the...
July 31st, 2009
The Union finance minister, Pranab Mukherjee said that the government in power is flexing its muscle hard to get back the black money swapped away abroad.
Continue Reading
July 23rd, 2009
One evening in November 1773, colonists disguised as Mohawk Indians threw 342 chests of tea into the Boston Harbor. Later dubbed the Boston Tea Party, the protest was in dissent of what colonists believed to be unfair taxation by the interfering British Empire. This sentiment reverberated throughout the colonies, escalating until the colonists were freed from their oppressors many years later. Little did they know, but there are easier ways to use tea to avoid taxes.
A few weeks ago I wrote a blog about illicit financial flows, which are bundles of money that are sneaked...
Continue Reading
July 23rd, 2009
We have long pointed to the fact that the United States is, to a very significant degree, a secrecy jurisdiction, not least through dirty practices offered in places
such as Delaware. It isn't something that people like to mention in polite company.
Now we're very heartened to see the Australian tax office has written an
open submission to the US Senate Committee on Homeland Security and Governmental Affairs, which includes the following strongly-worded:
"In our opinion, entities established in some states of the USA, for example some US incorporated companies, have some of these same...
