U.S. Attorney General Eric Holder’s speech, as prepared for delivery, at the African Union Summit in Kampala, Uganda, where he announces that the U.S. Department of Justice is launching a new Kleptocracy Asset Recovery Initiative aimed at combating large-scale foreign official corruption and recovering public funds for their intended – and proper – use.
The official statement by the White House Press Secretary on the Energy Security through Transparency (ESTT) provisions within the Wall Street Reform and Consumer Protection Act.
A report prepared by the staff the of the Joint Committee on Taxation for a public hearing held on 22 July 2010 before the House Committee on Ways and Means includes six case studies of companies that reported effective tax rates at least 10 percentage points lower than the U.S. statutory rate for a period of years, along with large gaps between the countries in which they reported sales and the countries in which they reported earnings.
A new Business Against Tax Havens report, ‘Unfair Advantage: The Business Case Against Overseas Tax Havens,’ looks at the unfair advantages that large companies have as a result of tax evasion and the amount of revenue lost in tax havens. The report puts forth nine policy recommendations, which include banning offshore corporations and repealing the 80/20 rule.
The conclusions approved by the Council of the European Union for the Foreign Affairs Council meeting on June 14, 2010.
The declaration released following the conclusion of the G20 Summit meeting on June 26-27, 2010 in Toronto, Canada.
The United Nations Office on Drugs and Crime (UNODC) launched a report called The Globalization of Crime: A Transnational Organized Crime Threat Assessment on June 17.
The final communiqué released following the conclusion of the G20 Finance Ministers and Central Bank Governors’ meeting on June 5, 2010 in Busan, Republic of South Korea.
OECD – Paris 28 May 2010
Conclusions of the OECD Meeting of the Council at Ministerial Level, 27-28 May 2010
On the occasion of the 2010 OECD Ministerial Council Meeting (MCM), we, Ministers*, have assembled under the Chairmanship of the Italian Prime Minister Silvio Berlusconi and the Vice-Chairmanship of Australia and Norway. We welcome the accession of [...]
PARIS-In April 2009, the G20 called for action “to make it easier for developing countries to secure the benefits of the new cooperative tax environment, including a multilateral approach for the exchange of information.” In response, the OECD and the Council of Europe developed a Protocol amending the multilateral Convention on Mutual Administrative Assistance in Tax Matters to bring it in line with the international standard on exchange of information for tax purposes and to open it up to countries that are neither members of the OECD nor of the Council of Europe.
Johannesburg – The Africa Progress Report launched today by the Africa Progress Panel (APP) states that African leaders need to boost “political determination and capacity to use what revenues they have to achieve results for people”.
The Administration strongly supports House passage of the House Amendment to the Senate Amendment to H.R. 4213. Passage of this legislation will provide much-needed relief to families, including extended access to health care benefits for workers who have lost their jobs and extended unemployment insurance benefits for millions of Americans who are looking for work. It will also provide critical assistance to hard-pressed States while encouraging continued job creation by America’s businesses. The importance of longer-term extensions for various authorities and programs – and the certainty that such extensions bring – has been highlighted by the severe problems caused by interruptions in authorities for these programs.
WASHINGTON, D.C.—A May 2010 report from Global Financial Integrity (GFI) examines where trillions of dollars in illicit finances—the proceeds of crime, corruption, and tax evasion—are being deposited.
LONDON—A May 2010 report from Christian Aid, Blowing the Whistle: Time’s Up for Financial Secrecy, reveals how the same tax-haven secrecy that allows football club owners to hide their business practices – and even their identities – is also facilitating massive tax dodging in developing countries.
U.S. Treasury Secretary Timothy F. Geithner’s written testimony before the U.S. Senate Committee on Appropriations, Subcommittee on Financial Services and General Government discussing the Treasury Budget.
The Task Force on Financial Integrity & Economic Development
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Email: info@financialtaskforce.org
Telephone: +1 (202) 293-0740 Fax: +1 (202) 293-1720
