Financial Transparency Coalition

In less than two weeks New Yorkers will head to the polls to replace Mayor Michael Bloomberg, who has hit his term limit. In the race, Bill de Blasio, the Democratic candidate, is the clear frontrunner over Republican Joe Lhota by 64 percent to 23 percent. To voters, the campaign has centered on the economy and jobs, public education, and affordable housing—issues which all relate to major concerns over New York’s rising income inequality. In New York City income inequality is a huge concern. In fact, according to the Census Bureau, the income gap in the City is higher than...

When accused of abusive tax avoidance, the first words out of a mouth of a large-company CEO are usually, "We have a fiduciary responsibility to our shareholders to avoid taxes." According to a new opinion from Farrer & Co, a major law firm in the UK, that may not be the case. The opinion, which applies only to the United Kingdom, states, "It is not possible to construe a director's statutory obligation to promote the success of the company as a positive duty to avoid tax." FTC Coordinating Committee member Tax Justice Network will be sending a letter to each...

WASHINGTON – Members of the Financial and Corporate Transparency (FACT) Coalition support three amendments that take aim at abuse of corporate offshore tax havens that have been offered in the Senate Budget Resolution debate.

LONDON - Responding to the Chancellor’s Budget today, Christian Aid Director Loretta Minghella said: ‘Today, a 40 year-old promise to the world’s poorest was finally delivered. We congratulate the Government for ensuring that - even in challenging economic times – this country has done the right thing by the hundreds of millions of women and men around the world living in poverty.