Financial Transparency Coalition

Don’t miss the End Austerity Activism Festival starting Wednesday September 28th until Friday September 30th

LONDON – In a sign of growing anxiety about tax competition that costs governments billions of dollars a year, international economic policymakers are exploring the need for a global crackdown on tax loopholes.

George Osborne says that 'those who evade taxes, like benefit cheats, are leeches on society'. However, he has agreed a deal that rewards those who avoid paying taxes in the UK by hiding their money in Switzerland. George Osborne says: 'my message to those who try to hide their incomes from the Revenue in offshore bank accounts and false declarations is simple: we will find you and your money.' A senior official at the Indian Central Board of Direct Taxes says: 'money laundering or illegal commission are a criminal offence. So, our effort will be to not...

Earlier this week, Facebook, and other sites, were buzzing with talk about Warren Buffett’s op-ed in The New York Times, where the American billionaire called on U.S. policymakers to raise the income tax rate for the richest Americans. Indeed, The Washington Post even posted a link on its Facebook page to an AP article about the op-ed with this apt description: “In case you missed it -- and there's only a slim chance you did --- Warren Buffett is calling on the so-called ‘mega-rich‘ to pay more in taxes.” Most of the reactions I saw were supportive of Mr....