REVISED UN CONVENTION SEEKS TO ENCOURAGE INVESTMENT, COMBAT CORPORATE TAX EVASION New York, Mar 14 2012 6:05PM The United Nations announced today that it has updated a set of guidelines to prevent double taxation between countries, as well as to avoid tax evasion, which costs countries $3.1 trillion every year. …
New Study Reveals Serious Flaws In OECD’s Tax Evasion Crackdown
Wednesday, March 14, 2012 From the Task Force Blog: New Study Reveals Serious Flaws In OECD’s Tax Evasion Crackdown GFI’s Heather Lowe To Speak On FCPA Panel At Georgetown University, And Other Upcoming Events A Setback In Fighting Tax Avoidance In India: Vodafone Vs. Union Of India Newly Published: The …
Campaigners welcome moves to tackle tax evasion, but highlight ongoing loopholes in global controls against dirty money
Campaigners welcome moves to tackle tax evasion, but highlight ongoing loopholes in global controls against dirty money Washington DC/ London, February 16, 2012: The Task Force on Financial Integrity and Economic Development (TF) welcomes moves to tackle tax dodging announced by the global body charged with fighting financial crime. Under …
Global Financial Integrity Launches New Report on Illicit Financial Flows from Mexico
Monday, January 30, 2012 From the Task Force Blog: Global Financial Integrity Launches New Report on Illicit Financial Flows from Mexico Featured Allied Organization of the Week: The Council on Geopolitics Will U.S. and EU Sanctions Halt Tehran’s Nuclear Ambitions? What President Obama Got Right (and Wrong) in the State …
Why All the Robo-signing? Shedding Light on the Shadow Banking System
Why All the Robo-signing? Shedding Light on the Shadow Banking System Ellen Brown http://WebofDebt.com/articles January 24, 2012 The Wall Street Journal reported on January 19th that the Obama Administration was pushing heavily to get the 50 state attorneys general to agree to a settlement with five major banks in the …
Task Force Reaction to G20 Communiqué
Task Force Reaction to G20 Communiqué Washington DC (Nov. 4, 2011) As international financial turmoil intensifies, G20 leaders of the world’s largest economies meeting in Cannes produced a final document that offers some limited hope for international financial transparency and meaningful action on tax evasion and aggressive tax avoidance. “Governments …
Cayman Islands To Create A New Nowhere Land
Tuesday, September 13, 2011 From the Task Force Blog: Cayman Islands To Create A New Nowhere Land UK-Swiss Tax Deal Rewards Those Who Hide Their Money In Switzerland With Clown Noses And An Iron Lady Brazil Tackles Corruption China, Corruption, And The Rise Of Weibo EU Is To Ask IASB …
Follow the Money: Krishen Mehta on Capital Flight
INTERVIEWS Follow the Money: Krishen Mehta on Capital Flight Krishen Mehta, Julia Taylor Kennedy How does capital flight work and how big a problem is it? Krishen Mehta of Global Financial Integrity (GFI) explains that in total, developing countries lose close to $1 trillion every year, of which 65 percent …
Tax Evasion: The Real Costs
A publication from Demos’ Taxes Matter Week Tax evasion will cost the U.S. government $305 billion in 2010 and has cost $3 trillion over the past decade. It is a major contributor to budget deficits and the accumulation of national debt since 2001. Tax evasion also costs state treasuries billions …
New Coalition Forms to Fight Tax Dodgers and Financial Secrecy
A publication of FACT Coalitiion New Rules for Global Finance is pleased to join with other organizations in announcing the launch of the Financial Accountability and Corporate Transparency (FACT) campaign and coalition. As the name indicates, FACT is a campaign to achieve greater financial accountability and transparency within financial institutions, …