Financial Transparency Coalition

My sources tell me that:

The European commission has realised that the DTAs would compromise the EU work on automatic exchange of info. Now the Commission has been in direct touch with Germany and UK regarding this issue. Most important is that they are concerned about Switzerland now being a conduit for all black money back to the UK / Germany if assets are regularised…

So they should be. With the fundamentalist free market government of the UK (yes, I mean that fundamentalist comment – those in our ...

WASHINGTON—Task Force on Financial Integrity and Economic Development (Task Force) member Transparency International released its 15^th annual Corruption Perceptions Index (CPI) today. The Index is based on different assessments and business opinion surveys concerning the administrative and political aspects of corruption such as bribery of public officials, kickbacks in public procurement, embezzlement of public funds, and the strength and effectiveness of public sector anti-corruption efforts. Two of the Index’s biggest losers were Russia and the U.S.—both of which were perceived to have become more corrupt over the past year—while Denmark, New Zealand, and Singapore were considered the least...

On Wednesday, October 6^th in Washington D.C., the Revenue Watch Index was co-launched by Revenue Watch Institute and Transparency International. This is an important step in the Promoting Revenue Transparency project, an important project advocating, among other things, country-by-country reporting of all extractive corporations, and not only those active on Wall Street. It is good to take a step back and know what this whole project is about. Why are we interested in the extractive industries? When there is money, there is a corruption risk, when there is big money, there is a big corruption risk, and oil...

At its annual conference last week, the Task Force on Financial Integrity and Economic Development identified concrete measures that could help developing countries to mobilise the resources needed to achieve the Millennium Developing Goals (MDGs) and go even further to help eradicate world poverty and lay the ground for a fairer global financial system. These measures include:

• taxing the USD 15 to 20 trillion of private wealth sitting in tax havens
• establishing accounting standards that oblige multinational companies to report their profits earned in every country
• or setting rules for the automatic exchange of tax information between countries.

The Task Force...