Financial Transparency Coalition

WASHINGTON, DC – Crime, corruption, and tax evasion cost the developing world $858.8 billion in 2010, just below the all-time high of $871.3 billion set in 2008—the year preceding the global financial crisis. The findings are part of a new study released today by Global Financial Integrity (GFI), a Washington-based research and advocacy organization.

LONDON – Christian Aid today welcomed Chancellor George Osborne’s pledge to commit 0.7 per cent of gross national income next year to overseas aid, but called for a coherent tax strategy to benefit poorer countries.

LONDON - Christian Aid today welcomed a House of Commons committee’s report on tax dodging by multinationals, which puts morality at the heart of the tax debate, and said the harm the practice causes to developing countries should be seen in the same light.

Investigations carried out by the Guardian and the BBC's Panorama programme into the ease with which anonymous shell companies can be used to move dirty money around the world are on the front page of today’s paper and being broadcast tonight at 20.30 on BBC One. Their findings match those of Global Witness and others.