Task Force Blog

Press Releases

European Network on Debt and Development (EURODAD) Joins Task Force on Financial Integrity & Economic Development

January 15, 2010

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.

Chile Passes Tax Law to Improve Transparency

December 15, 2009

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.

New League Table of World’s Most Secretive Tax Havens

November 1, 2009

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.

USA #1 in Ranking of World’s Most Secretive Financial Jurisdictions

November 1, 2009

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.

Exclusive First-look at Financial Secrecy Index: A Ranking of Tax Havens

October 20, 2009

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.

Task Force Issues Statement to the G-20 Following Two-Day Conference

September 17, 2009

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:

Senator Levin Addresses the 2009 Annual Task Force Conference

September 16, 2009

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.

Economic Transparency: A Request to the G20

August 24, 2009 | PDF

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.

Global Task Force Releases Recommendations for New Accounting System for Multinational Corporations

June 17, 2009

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.

Task Force Launches FinancialTaskForce.org

May 19, 2009

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.

Christian Aid Newest Member of the Task Force

May 12, 2009

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.

Netherlands Ministry of Foreign Affairs Joins Task Force

April 20, 2009

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.

Government of Denmark Joins Task Force on Financial Integrity and Economic Development

March 17, 2009

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.

Transparency International Joins Task Force on Financial Integrity and Economic Development

March 12, 2009

International anti-corruption leader Transparency International (TI) is the newest member to join the Task Force on Financial Integrity and Economic Development, Global Financial Integrity (GFI) announced today.

Global Task Force Links Financial Integrity and Economic Development

January 21, 2009 | PDF

A unique global coalition of civil society organizations and more than 50 governments has been established to address the inequalities in the financial system that penalize billions of people.