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.
LONDON / WASHINGTON – U.S. District Judge Patrick J. Schiltz of Minnesota is an educated man. He earned his law degree from Harvard, won a coveted clerkship for Supreme Court Justice Antonin Scalia and taught the law for more than a decade before joining the bench in 2006.But when Wells Fargo, the retail banking giant, and the U.S. Justice Department squared off in his courtroom last year over the legality of a fiendishly complicated tax scheme known as “STARS,’’ even Schiltz quickly realized he was not equipped to parse the facts.“I fear I may finally have met my match,” the judge told the court. “We may need a translator in this case, someone who can help us to understand these complex transactions and understand the complex tax laws to put this into English for us.”
WASHINGTON (IPS) – Changes to a key anti-bribery law that applies to international commerce, proposed by the U.S. Chamber of Commerce, could have disastrous consequences, hurting multinational firms, human rights, and the U.S.’s place of respect as an early adopter of the legislation, opponents to the changes argued here Friday.
NEW YORK – A spate of spectacular collapses of Chinese stocks listed on American exchanges has cost U.S. investors billions of dollars. The fiasco has sparked multiple investigations. Accusations are swirling in Washington and Beijing.
WASHINGTON – The Internal Revenue Service is giving more time to Toronto-Dominion Bank (TD), Aegon NV (AGN) and other banks based outside of the U.S. to implement a controversial tax reporting rule.
WASHINGTON, DC – Sen. Carl Levin, D-Mich., and several other senators have introduced a bill to close offshore tax loopholes and strengthen offshore tax enforcement.
LONDON – Perhaps the easiest way to get a picture of John Christensen’s daily life is to imagine him in a (very large) boxing ring. In one corner are ranged the UK government, the global financial services industry, a scattering of other governments, and the richest, most powerful people and corporations in the world.
WASHINGTON – A recent spate of legal cases offers a preview of how anticorruption officials could pursue ill-gotten assets of toppled leaders in places like Egypt and Tunisia: Increasingly, prosecutors are going after not only corrupt politicians, but the lawyers and other professionals who may have helped them move cash.
LONDON – The government is proposing to scrap more than two dozen criminal penalties underlying anti-money laundering procedures to encourage business to adopt a risk-based approach.
LISBON – Angola, Africa’s second-biggest crude oil producer, has denied a report that it lost almost $6 billion in illicit capital flows in 2009.
WASHINGTON – The U.S. Department of Justice is seeking records about American clients of HSBC in India who might be evading taxes, broadening the government’s probe of banks suspected of helping tax dodgers.
Standing at the pump, watching the numbers tick away, do you ever wonder where the ...
Half of the world's trade passes through tax havens. Right now, they are hiding billions ...
This video shows a discussion about beneficial ownership from the Task Force 2011 Conference in ...
WASHINGTON DC – South Africa announced today that it has joined the Partnership Panel of ...
February 10, 2012
LONDON - Forest dependent communities are still in the dark about how their forests are ...
February 9, 2012
WASHINGTON, DC – Global Financial Integrity (GFI) today applauded the introduction of a bill, which ...
February 7, 2012
Standing at the pump, watching the numbers tick away, do you ever wonder where the ...
February 10, 2012
The yawning gap between the transparency rhetoric of companies and the reality of their actions ...
February 10, 2012
In his State of the Union address less than a month ago President Obama brought ...
February 10, 2012
The Task Force on Financial Integrity & Economic Development
1319 18th Street, NW Suite 200 Washington, DC 20036
Email: info@financialtaskforce.org
Telephone: +1 (202) 293-0740 | Fax: +1 (202) 293-1720
© 2009-2012 Task Force on Financial Integrity & Economic Development
Some rights reserved. 
