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”.
WASHINGTON – The Task Force on Financial Integrity and Economic Development (Task Force) has welcomed India’s announcement that it has ratified the United Nations Convention Against Corruption (UNCAC).
HONG KONG – Indian Finance Minister Pranab Mukherjee presented the country’s annual budget on February 28, which contained measures to ease the tax burden on investment as well as changes to indirect taxes, proposals to tackle ‘black money’ and a commitment to move forward with the new Direct Taxes Code.
NEW DELHI – While the Union budget disappointed those hoping for an amnesty scheme for black money transactions, top North Block officials virtually ruled out any such plan in the future.
LONDON – An international financial-crime watchdog was urged not to relax its stance on monitoring political officials in light of the desperate scramble to freeze the assets of recently deposed leaders in the Middle East and North Africa.
NEW DELHI: India and Norway are all set to expand the scope of their double taxation avoidance agreement (DTAA) to facilitate greater information exchange on potential cases of tax evasion. After changes to the Indo-Swiss tax treaty this would be the second such treaty that would be reworked to ensure smooth flow of information on tax-related issues.
Taxation News & Information—Worldwide tax changes and transparency measures need to be implemented soon in order to fight capital flight from poverty-stricken nations and worldwide tax evasion.
Business Guide Ghana–AFRICA loses about $1 trillion to illicit financial dealings which benefit the developed countries and make the continent poorer.
Task Force Director Raymond Baker spoke to MBA students at Georgia Tech (his alma mater) ...
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 ...
WASHINGTON, DC – Global Financial Integrity (GFI) Managing Director Tom Cardamone will testify tomorrow ...
May 23, 2012
BRUSSELS - Tax is joining high pay as an issue at FTSE100 companies’ AGMs this ...
May 22, 2012
WASHINGTON, DC – Global Financial Integrity (GFI) today called on leaders of the G8 to ...
May 17, 2012
Thursday's daily news updates from Global Financial Integrity
May 24, 2012
In Brazil, there is an agency known as “the Lion,” whose agents fly around the ...
May 23, 2012
The G8 have just released an ambitious and comprehensive asset recovery action plan as part ...
May 23, 2012
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