Financial Transparency Coalition

PRESS RELEASE SwissLeaks money connected to Kenya is six and half times higher share of GDP than the money connected to Spain  In less than two weeks, G20 Finance Ministers will sit down to dinner, but developing countries won’t even have a seat at the table

Despite earning millions from economic activity in Malawi, one of the world’s poorest countries, a single Australian mining company managed to legally avoid paying taxes to the tune of US$43 million over a six year period. That’s enough for almost 500,000 HIV/AIDS treatments.

BRUSSELS—Weeks after the shocking revelations of wide-spread tax evasion at HSBC’s Swiss branch, a new report from a European Commission expert group on the Automatic Exchange of Financial Information (AEFI) makes it clear that the world can’t afford to exclude developing countries from new anti-tax evasion measures. The expert group set out to address a number of questions around new efforts to clamp down on tax evasion through the automatic exchange of financial information between governments. Composed of business and industry associations, as well as some civil society groups, including the Financial Transparency Coalition (FTC), the panel concluded that...

Do you know who owns the house behind yours? What about the one down the street, or that mansion in the nice part of town? When anonymous companies are involved, you can't just walk up and ring the door bell, which makes it tough to find out who really owns a house or property. We've seen anonymous companies come up in property ownership time after time, from former Ukrainian President Vktor Yanukovych's mansion to Iran's secret ownership of a Manhattan skyscraper. Now, Transparency International has...