The Wall Street Journal
By Deborah Ball
ZURICH—Weeks after the overthrow of Haitian dictator Jean-Claude “Baby Doc” Duvalier in 1986, Haiti asked Switzerland to freeze $5 million it alleged Mr. Duvalier had stolen and stashed in Swiss bank accounts.
Switzerland has been trying to give the money back to Haiti for nearly 24 years. But the simple act [...]
The Washington Post–Alarmed by an exodus of money from Afghanistan, U.S. and Afghan authorities are trying to constrict a flow of cash through the country’s main airport, believed to be a major conduit for drug proceeds and diverted foreign aid.
Bloomberg–China’s households hide as much as 9.3 trillion yuan ($1.4 trillion) of income that is not reported in official figures, with 80 percent accrued by the wealthiest people, a study showed.
McClatchy–These days, the local businesses in your neighborhood probably pay a higher percentage of their income in taxes than U.S. Fortune 500 companies.
Washington, DC (The Hill) — The U.S. launched a new initiative on Sunday aimed at battling large-scale public corruption in foreign states.
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Business Guide Ghana–AFRICA loses about $1 trillion to illicit financial dealings which benefit the developed countries and make the continent poorer.
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.
An influential American Senator has urged US President Barack Obama to push the G20 nations to bar tax haven banks from participating in the global financial system if they refuse to cooperate with investigations of tax evasion.
PARIS, Sep 16 (IPS) – Illegal capital flight in the form of corrupt, criminal and illicit commercial proceeds out of developing economies could be as high as one trillion dollars a year.
Wednesday’s agreement by Swiss bank UBS to divulge details of 4,450 accounts to the US Internal Revenue Service has put a crowbar into the door of Switzerland’s long tradition of bank secrecy. But it’s just a small opening. The amount of global wealth stashed in tax-haven nations is staggering and largely uncontrolled, financial experts say. Here’s a brief backgrounder:
Did you know that each year developing countries loose 500.000.000.000 dollars in income due to ...
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 ...
What if there is a way to directly fund development that doesn’t involve foreign aid ...
September 3, 2010
Our friends at Revenue Watch have just finished translating the Publish What You Pay ...
September 2, 2010
It is no secret that black money has been flowing out of India into Swiss ...
September 2, 2010
The Task Force on Financial Integrity & Economic Development
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Email: info@financialtaskforce.org
Telephone: +1 (202) 293-0740 Fax: +1 (202) 293-1720
