Financial Transparency Coalition

Task Force member Global Financial Integrity has teamed up with several prominent American NGOs to call on the United States Government to take the lead on addressing transparency in the international financial system at this week's G20 Summit in Seoul. Here's GFI's full statement about the coalition:

United States: Promote Global Financial Transparency at G20 Summit

Greater Accountability Would Improve Development and Rights, Alleviate Poverty

WASHINGTON, DC—The United States should press for greater transparency and accountability in the global financial system at the G20 Summit meeting in Seoul, a coalition...

WASHINGTON, DC—The United States should press for greater transparency and accountability in the global financial system at the G20 Summit meeting in Seoul, a coalition of civil society organizations said today. The G20 Advocacy Coalition brings together varied organizations - that share the view that increased transparency is essential to promoting economic development, alleviating poverty and realizing enjoyment of economic and social rights.

Twenty besuited men and women shuffle and blink around a large conference table at 9 am in the heart of the City of London, with almost panoramic views from their fourth floor room. To the unknowing eye this might seem like the start of yet another corporate board meeting. Yet these people hold power not only over the future of a company, but the lives of literally hundreds of millions of people living in poverty around the world. This is the International Accounting Standards Board’s (IASB) October meeting, and the first item on the agenda is its ‘extractive activities’ project....

GLASGOW, SCOTLAND—Christian Aid Scotland and the Church of Scotland today launch a joint report to raise awareness of the billions lost to developing countries from tax evasion and avoidance and to call on the International Accounting Standards Board to introduce an international country-by-country reporting standard. Such a standard would oblige multinational corporations to report on their profits and other financial details in each of the countries or jurisdictions in which they operate. The launch of Paying our dues: how tax dodging punishes the poor (PDF, 5mb),...