WASHINGTON, DC — The G20 Summit in Toronto June 27th-28th was heavy on promises and lean on concrete action items, notes the Task Force on Financial Integrity and Economic Development. While the G20 expressed a strong desire to “close the development gap,” increase transparency, and tackle corruption and money laundering, there was a notable lack of language indicating an understanding of the interconnected nature of these different problems.
MADRID—Representatives from Eurodad, a member of the Task Force on Financial Integrity and Economic Development, took the floor at the Repsol shareholders meeting on April 30 in Madrid and called on the firm to support a country by country reporting standard for the extractive industry. Repsol is the world’s 15th largest petroleum refining company.
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.
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.
LONDON – A league table of the world’s most secretive tax havens has been compiled by campaigners seeking greater transparency about the operation of ‘offshore’ finance centres. The Financial Secrecy Index (FSI) analyses the level of secrecy each haven offers, and the extent of their reluctance to co-operate with other countries’ tax authorities.
WASHINGTON, DC — According to a new analysis of financial jurisdictions prepared by UK-based civil society group Tax Justice Network, the state of Delaware is the most secretive financial jurisdiction in the world. Based on the laws and practices of 60 financial jurisdictions the Financial Secrecy Index (FSI) ranks jurisdictions according to their level of secrecy and the extent to which they cooperate with tax authorities in other countries.
Join us for an exclusive first-look at the Financial Secrecy Index. The Financial Secrecy Index (FSI) is a first-of-its-kind ranking of the most secretive and uncooperative jurisdictions—tax havens– in the world. Based on intensive research and analysis the index ranks 60 jurisdictions according to their degree of opacity and the scale of their cross-border financial services activity.
WASHINGTON, DC – Following the conclusion of a two day conference titled “Increasing Transparency in Global Finance: A Development Imperative,” the Task Force on Financial Integrity and Economic Development issued the following statement to the members of the G-20:
Washington, DC – “We have the means to end offshore tax abuse if we have the political will to act,” was the message delivered by Carl Levin in his keynote speech for given before dinner guests at the Task Force on Financial Integrity and Economic Development’s conference, Increasing Transparency in Global Finance: A Development Imperative.
The Task Force on Financial Integrity and Economic Development urges the G20 to focus on substantially improving transparency in the global financial system. Thus far in communiqués, discussions, and commentaries, greater emphasis has been given to strengthening regulation within the existing structure. While regulatory improvements are clearly needed, we believe that such steps alone are incomplete. If “the era of bank secrecy is over,” then more effective progress toward this goal can be accomplished by significantly curtailing the shadow financial system.
Washington, DC – The Task Force for Financial Integrity and Economic Development (Task Force) released a report today detailing a new system of accounting for multinational corporations (MNCs) designed to increase transparency and curtail tax evasion.
Washington, DC – The Task Force on Financial Integrity and Economic Development has launched FinancialTaskForce.org to serve as a “one-stop hub” for the Task Force and its work on increasing transparency and accountability in the global financial system, announced Task Force officiating member Global Financial Integrity (GFI) today.
International poverty eradication group Christian Aid is the newest member to join the Task Force on Financial Integrity and Economic Development, Global Financial Integrity (GFI) announced today.
The Netherlands Ministry of Foreign Affairs is the newest member to join the Task Force on Financial Integrity and Economic Development as a member of the Task Force Partnership Panel, Global Financial Integrity (GFI) announced today.
The Government of Denmark is the newest member to join the Task Force on Financial Integrity and Economic Development, Global Financial Integrity (GFI) announced today.
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The Task Force on Financial Integrity & Economic Development
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