First Full Country-By-Country Reporting Standard Proposed in U.S.
This morning, U.S. Senator Carl Levin introduced the Stop Tax Haven Abuse Act (STHAA). The bill proposes solutions to loopholes and vulnerabilities in American policy that allow corporations to escape taxes. Tax evasion currently costs American taxpayers over $100 billion each year.
Introducing the bill, Senator Levin said:
The bottom line is that each of us has a legal and civil obligation to pay taxes, and most Americans fulfill that obligation. It is time to force the tax scofflaws, the tax dodgers, and the tax cheats to do the...
The Swiss banking industry, facing a raft of proposals from Congress and the IRS for new requirements aimed at catching U.S. tax evaders, is beefing up its Washington lobbying ranks.
Video clips are now available on GFI's YouTube channel for every speaker at the July 24 Capitol Hill briefing on tax evasion and incorporation transparency that was organized by Task Force members Global Financial Integrity and Tax Justice Network along with Task Force friend, Citizens for Tax Justice. Check them out below:
Congressman Lloyd Doggett (D-TX) made a surprise appearance at the briefing and spoke for a few minutes:
HAMILTON, Bermuda -- Bermuda's top elected official survived a vote of no-confidence after a 14-hour parliamentary debate here over the weekend, but Prime Minister Ewart Brown remains the focus of fiery public debate over the motives that led him to accept four freed prisoners from the U.S. detention facility in Guantanamo Bay, Cuba.
