Action Item: Require that all multi-national corporations report sales, profits, and taxes paid in all jurisdictions in their audited annual reports and tax returns. Background: Tax avoidance is a global problem. It involves the abusive exploitation of gaps and loopholes in domestic and international tax law...
Tax evasion poses an acute challenge to developing and developed countries. From 2000 to 2010, illicit financial flows deprived developing countries of US$5.86 trillion. Tax evasion is not a victimless crime – for people in the developing world, the consequences of tax evasion can be a matter of life and...
Action Item: Require that the beneficial ownership, control and accounts of companies, trusts and foundations be readily available on public record to facilitate effective due diligence. Background: The flow of illicit money, tax evasion, terrorist financing and a host of other global ills can be traced...