Developing countries are currently losing US$1 trillion dollars annually – 10 times the amount they receive in foreign aid. We can change this. Tell the G20 – the world’s economic leaders – to create transparency in the international financial system. Sign the petition at www.G20Transparency.com.
Washington lobbyists and lawyers helped launder millions of dollars for allegedly corrupt African politicians and their relatives, according to a two-year-long investigation by a Senate panel.
The Guardian — Large companies should reveal how much of their profits they pay in tax to developing nations to show they comply with local corporation tax regimes, Stephen Timms, the Treasury minister, will say tomorrow as part of a three-pronged effort to boost tax revenues in poor countries.
The Guardian — West African state’s emergence as oil producer and offshore centre may fuel crime, says thinktank
WASHINGTON, DC — The European Network on Debt and Development (EURODAD), comprised of 59 non-governmental organizations (NGOs) from 18 European countries working on debt, development finance, and poverty reduction, has joined the Task Force on Financial Integrity and Economic Development, Global Financial Integrity (GFI) announced today.
Standing at the pump, watching the numbers tick away, do you ever wonder where the money goes? You’re not alone: People on the other end of the pipeline are wondering too. While we feel the pinch in our pockets, citizens of oil-producing countries are often not seeing the profits.
A federal grand jury has charged a Virginia Beach, Va., resident with conspiracy to pay bribes to former Panamanian government officials to secure maritime contracts.
WASHINGTON, DC — The Task Force on Financial Integrity and Economic Development welcomes the news that Task Force Coordinating Committee member Chile has enacted legislation enhancing access to bank information for the purposes of improved compliance with OECD standards on tax information exchange and increased transparency in financial transactions.
HM Revenue & Customs (HMRC) has given extra time for people to confess to dodging tax through offshore accounts.
PARIS: India’s efforts to track black money stashed abroad have borne little fruit but a top official of the Organization for Economic
Co-operation and Development (OECD), a 30-member grouping of mainly developed economies, said there is no reason why India should not be treated on par with the United States or France by Switzerland on negotiations around the double tax avoidance agreements (DTAA).
WASHINGTON – The former general manager of a Sugar Land, Texas-based business was arrested on Nov. 18, 2009, for his alleged role in a conspiracy to bribe Mexican government officials to secure contracts with the Comisión Federal de Electridad (CFE), a Mexican state-owned utility company, announced Lanny A. Breuer, Assistant Attorney General of the Criminal Division; Richard C. Powers, Special Agent-in-Charge of the FBI’s Houston Field Office; and Rodney E. Clarke, Special Agent-in-Charge of the Internal Revenue Service – Criminal Investigation’s (IRS-CI) Houston Field Office. In addition, a Mexican citizen has pleaded guilty for his role in the bribery scheme.
Australia and other developed nations are tired of seeing their tax dollars heading overseas and out of reach, writes Ruth Williams and Ian McIlwraith.
Action by a Swiss judge to order the confiscation of bank accounts held in countries outside Switzerland set a legal precedent that will help in the international fight against corruption, legal experts said.
Huguette Labelle, Chair of Transparency International, presents the 2009 Corruption Perceptions Index (CPI), which measures the perceived level of public-sector corruption in 180 countries and territories around the world. The CPI is a “survey of surveys”, based on 13 different expert and business surveys.
On May 4, the Obama administration announced a plan to crack down on offshore tax havens, which it said are costing the United States tens of billions of dollars each year. The President’s proposals were primarily aimed at finding ways to increase revenue from wealthy companies and investors who use loopholes in the law and offshore subsidiaries to reduce their US taxes. But the administration is largely missing a far more devastating problem related to offshore finance: money gained from criminal and other illicit sources. With the use of tax havens and other elements of an increasingly complex “shadow” financial network, vast sums of illegal money are being shifted throughout the global economy virtually undetected.
Developing countries are currently losing US$1 trillion dollars annually - 10 times the amount they ...
Washington lobbyists and lawyers helped launder millions of dollars for allegedly corrupt African politicians and ...
Standing at the pump, watching the numbers tick away, do you ever wonder where the ...
Huguette Labelle, Chair of Transparency International, presents the 2009 Corruption Perceptions Index (CPI), which ...
Liberal Party turns on banking secrecy World Radio Switzerland, March 9, 2010...
March 9, 2010
Foreign Aid and Salvadoran Corruption The Wall Street Journal, March 7, 2010...
March 8, 2010
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