Nonprofits, Businesses Call For End To Corporate Secrecy
May 24, 2012A group of 41 businesses and nonprofits sent a letter to every member of Congress pressing them to pass legislation that would reveal the beneficial owners of shell companies.
A group of 41 businesses and nonprofits sent a letter to every member of Congress pressing them to pass legislation that would reveal the beneficial owners of shell companies.
NEW DELHI: Global Financial Integrity (GFI) on Friday called on leaders of the G8 bloc of nations to concretely tackle the issue of illicit financial flows and end tax haven secrecy when they meet this weekend at Camp David. Illegal capital flight costs the developing world roughly $1 trillion per year, according to GFI research.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, the most sweeping financial law enacted since the Great Depression, is supposed to protect investors and shield the economy from bubbles and speculation. Its promise is hard to judge; many detailed rules are still being drafted. What can be said with confidence is that Dodd-Frank has been a boon for lobbyists.
Consultants—including some with criminal pasts—are selling the gambling center as a haven from taxes and legal liability.
LONDON – In a sign of growing anxiety about tax competition that costs governments billions of dollars a year, international economic policymakers are exploring the need for a global crackdown on tax loopholes.
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A group of 41 businesses and nonprofits sent a letter to every member of Congress pressing them to pass legislation that would reveal the beneficial owners of shell companies.
NEW DELHI: Global Financial Integrity (GFI) on Friday called on leaders of the G8 bloc of nations to concretely tackle the issue of illicit financial flows and end tax haven secrecy when they meet this weekend at Camp David. Illegal capital flight costs the developing world roughly $1 trillion per year, according to GFI research.
VATICAN CITY (AP) – The president of the Vatican bank was effectively ousted Thursday after receiving a unanimous vote of no-confidence from bank overseers for having leaked documents and failed to do his job at a critical time in the Holy See’s efforts to show transparency in its finances, the Vatican and officials said.
New Delhi: Paris-based think-tank OECD has mooted the idea of sending experts to developing countries, including India, to help in issues such as transfer pricing besides various bilateral taxation-related matters.
WASHINGTON – India’s announcement that it had ratified the United Nations Convention Against Corruption (UNCAC) has been welcomed as a “significant step”.
[youtube]http://www.youtube.com/watch?v=iNf2tv_aXNQ[/youtube]
Explaining the 2012 Corruption Perceptions Index from Transparency International
In this video, the United Nations Office on Drugs and Crime follows individual Euro bills as they are used illicitly, ultimately showing the annual $870 billion proceeds from criminal networks. The filmed transactions highlight profits by counterfeiting, illicit drug trafficking, human trafficking, and trading illegal arms. The UNODC also captures the impact of this underground economy on human peace and security.
Attiyah Waris, Tax Law Professor at Nairobi University, argues that tax evasion strategies used by ...
WASHINGTON, DC – Global Financial Integrity (GFI) lauded former UN Secretary-General Kofi Annan and the ...
May 10, 2013
WASHINGTON, DC / LONDON – In a major victory for transparency advocates, British Prime Minister ...
April 25, 2013
LONDON - Prime Minister David Cameron revealed today that the UK will be seeking action ...
April 25, 2013
The solutions to problems are often implicit in the way they are framed. If I ...
May 15, 2013
Below the jump: a fantastic infographic on how money is hidden by large U.S. corporations ...
May 13, 2013
Things have been busy here at Task Force Blog central over the past few weeks. ...
May 10, 2013
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