Video clips are now available on GFI's YouTube channel for every speaker at the July 24 Capitol Hill briefing on tax evasion and incorporation transparency that was organized by Task Force members Global Financial Integrity and Tax Justice Network along with Task Force friend, Citizens for Tax Justice. Check them out below:
Congressman Lloyd Doggett (D-TX) made a surprise appearance at the briefing and spoke for a few minutes:
Switzerland and the United States were engaged on Friday in the final stages of efforts to reach an agreement to settle a legal case that sought to force the Swiss banking giant UBS to disclose the names of wealthy American clients suspected of tax evasion.
Kicking off her visit to sub-Saharan Africa in Kenya, Secretary of State Hillary Clinton used her time there to speak pointedly about corruption, the same issue highlighted by President Obama in his trip to Accra earlier this summer. U.S. news coverage emphasized this feature of her visit, with a CNN article, Clinton in Kenya urges a cleanup of corruption, stating: “Secretary of State Hillary Clinton delivered a ‘tough but lovingly presented’ message to Kenya on Thursday: shun corruption and reform government.”
Clinton drove home the economic consequences of corruption, arguing that: “This is not just about good governance...
Global Financial Integrity applauds Mr. Khuzami’s plan to reorganize the enforcement arm of the SEC and maximize the agencies powers in an effort to enforce laws already on the books that require corporations to be accountable for their illegal actions on the national and international level. The SEC has not provided additional detail on the five specialized investigative groups, but we hope that trade mispricing is included in the scope of the investigative group responsible for market abuses by big traders.
Approximately 60% of global trade is now conducted within subsidiaries of the same multi-national corporation -...
