Financial Transparency Coalition

Citizens for Tax Justice's (CTJ) weekly Tax Justice Digest links the Google tax avoidance scandal to last week's revelation that multinational corporations are lobbying for a tax amnesty to repatriate billions of US$ "trapped" offshore: the lobbying by Multinationals for a tax amnesty. From CTJ:

Corporate lobbyists are once again asking Congress and the Obama administration for a tax amnesty for "repatriated" offshore profits. U.S. corporations that shifted profits offshore would get to bring that money back to the U.S. without paying the corporate income tax at the normal statutory rate of 35...

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),...

Christian Aid Scotland and the Church of Scotland launched this joint October 2010 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.

This October 2010 report from the Trades Union Congress (TUC) highlights how UK banks will avoid paying £19 billion of tax on future profits by offsetting their losses during the financial crisis against their tax bills, and it advocates for an international country-by-country reporting standard for multinational corporations.