Financial Transparency Coalition

The 2016 African Union (AU) Summit is currently taking place in Addis Ababa, Ethiopia, which means we’re one year removed from the endorsement of the High Level Panel Report on Illicit Financial Flows by African Heads of State at last year’s AU Summit. This report, led by former South African President Thabo Mbeki, brought a heightened level of

WASHINGTON, DC – Illicit financial flows from developing and emerging economies surged to US$1.1 trillion in 2013, according to a study released Wednesday by Global Financial Integrity (GFI), a Washington, DC-based research and advisory organization. Authored by GFI Chief Economist Dev Kar and GFI Junior Economist Joseph Spanjers, the report pegs cumulative illicit outflows from developing

Some concluding thoughts on the G20/OECD BEPS process At last month’s G20 Leaders’ Summit in Antalya, Turkey, leaders of some of the world’s largest economies endorsed measures to plug loopholes in international taxation that allow transnational corporations to dodge taxes. But as drafting of the initiative, known as the Base Erosion and Profit Shifting (BEPS)

PRESS RELEASE By failing to take concrete action on illicit financial flows and tax dodging in Addis Ababa, questions remain on how domestic resources will be raised Without a globally inclusive standard setting body, developing countries have an uphill battle to realize needed revenues to fund development goals