Financial Transparency Coalition

The following answer to a written question has been published by the States of Jersey today:

WRITTEN QUESTION TO THE CHIEF MINISTER BY THE DEPUTY OF ST. MARY ANSWER TO BE TABLED ON TUESDAY 18th JANUARY 2011 Question Can the Chief Minister inform members how many Tax Information Exchange Agreements were in force at the beginning of 2005, 2006, 2007, 2008, 2009 and 2010? Can he further tell members, for each of those years, how many requests for information have been received, from how many countries they were received, and in how many cases was the information requested found and...

Everyone knows money is a powerful dissuader. Think of parking tickets. If there were no penalty, most people would be unlikely to feed the machine with a few A variety of activities ranging from smoking to carrying durians is banned on Singapore's Mass Rapid Transit system. quarters. But it’s a small price to pay when the ticket fine is $30 (or $50 if you live in DC). Any Economist will tell you that, by design, compliance with laws is a mix of two important factors. One: the penalty that results if the offender is caught and 2: the probability...

LONDON—Multinational companies could be forced to reveal far more about their finances in developing countries following a European Commission move which Christian Aid experts welcomed as ‘hugely exciting’.

The Organisation for Economic Cooperation and Development (OECD) recently evaluated the United States on its effectiveness in implementing the goals and standards outlined by the Anti-Bribery Convention. The sizeable OECD report overall applauds the U.S. for its current efforts and offers a few areas for improvement. First, some background. The U.S. foreign anti-bribery laws are outlined by the Foreign Corrupt Practices Act (FCPA), which Jimmy Carter signed into law on December 19, 1977. The FCPA makes it unlawful for persons and entities to “make payments to foreign government officials to assist in obtaining or retaining...