Financial Transparency Coalition

The FACT Coalition released a document detailing their legislative asks yesterday. The document does a great job of detailing important ways to keep the financial system accountable, both in a domestic and international sense. The entire document can be downloaded below the 'read more' or at the 'PDF' link in the post title.

Cayman News Service has blown the lid on one of the biggest lies of recent years about tax havens / secrecy jurisdiction. It’s been claimed since 2009 that tax information exchange agreements – promoted by the Organisation for Economic Cooperation and Development as the way to tackle tax haven abuse – mean that tax havens are now ‘open and transparent places’.

The UK's Channel 4 News decided to go to the Channel Island of Jersey, where over 600 of these subsidiaries are registered, to investigate the problem further. Its a great summary of the issues facing the United Kingdom, and how companies use jurisdictions like Jersey to brazenly avoid taxation.

WASHINGTON, DC – In reaction to the recently released communiqué from the G20 Finance Ministers’ meeting in Paris last week, Global Financial Integrity (GFI) voiced disappointment and urged the G20 to move beyond “piecemeal regulations” and adopt comprehensive reforms to create greater transparency and accountability in the world’s financial system.