Financial Transparency Coalition

Tax Analysts published a very long (albeit spot-on) article today which analyzes Mexico's request to the United States to be treated the same as Canada when it comes to exchange of tax information. Basically, the article demonstrates how the United States is an offshore tax haven that is being exploited by (among others) Mexican drug-lords. Of course, the United States just fought Switzerland for having some of the same tax/reporting exemptions that Mexico is challenging. Is the US practicing what it preaches? The short answer is no; it is not. Here's a...

The Economist published a chart today which shows a disturbing trend in American business.  Economist.com’s Daily Chart shows the number of “suspicious activity reports” which were reported to the Financial Crimes Enforcement Network (FinCEN) at the US Treasury Department for each year between 1997 and 2008. I’ll let the graph speak for itself: To read

TREASURY DELIVERS UPDATED TAX GAP PLAN TO BAUCUS - Finance Chairman notes quick response, calls for greater attention to long?term.

On July 8, 2009 the US Treasury Department submitted a report to the US Senate Finance Committee on the issue of reducing the tax gap andimproving voluntary tax compliance.