Financial Transparency Coalition

India passed its latest Union Budget (2022 -23) in early February amid much hope, as the country is still reeling from the Covid-19 pandemic which has lasted for two years.

The Centre for Budget and Governance Accountability (CBGA), a member of the FTC’s Coordinating Committee, has just released a great animated video highlighting the problem of illicit financial flows. Along with providing a sound and straightforward overview of the problem, the animation also looks at the problem and how it specifically relates to the regional context

The latest edition of TaxCast, the podcast produced by the Tax Justice Network, is out! In this edition, you'll hear about a tug of war between Switzerland and India for information on tax evaders, how Russian sanctions are affecting business in Europe, and much more.

For about five years now, nations around the world have called on Switzerland to change its secret ways. Over these years Switzerland’s banks, which hold nearly one-third of the estimated $7 trillion in global wealth kept offshore, have borne much of the brunt of the U.S. Department of Justice’s campaign against banks facilitating tax evasion by American citizens. Other nations, such as India, have also followed suit. And although Switzerland has attempted to cultivate an image of international cooperation – the reality of Swiss banking secrecy has been more of the same. For the purposes of outward appearances,...