Next Steps Must be Improved US-Swiss Information Sharing, Says Global Financial Integrity
WASHINGTON, DC – Reacting to news today that a settlement agreement has been tentatively reached in the U.S. civil case against Swiss bank UBS, Global Financial Integrity (GFI) urges U.S. officials to pursue substantive changes to U.S.-Swiss protocols governing information exchange in tax law administration as a critical next step in efforts to end bank secrecy and prevent tax evasion.
WASHINGTON, DC – Congressional and Federal Agency staff will meet this morning for a legislative briefing organized by Global Financial Integrity, Citizens for Tax Justice, and Tax Justice USA on issues related to tax evasion, banking secrecy, and key legislation aimed at improving compliance with U.S. tax laws and increasing transparency in offshore and onshore financial practices.
WASHINGTON, DC – Global Financial Integrity (GFI) issued recommendations for next steps in the UBS tax evasion case following postponement of Monday’s key court hearing.
WASHINGTON, DC – Global Financial Integrity (GFI) urges the U.S. Department of Justice (DOJ) to remain steadfast in its pursuit of information about the suspected 52,000 secret bank accounts held by U.S. citizens with Swiss bank UBS.
Estados Unidos afronta una grave crisis económica interna y un entorno mundial cambiante para la banca y las prácticas comerciales. La manera en que la nación aborde estos dos cambios influirá en la forma en que se manejen las finanzas y los negocios en el país y en el extranjero en años venideros.
EE UU debe reformar sus políticas internas y tomar medidas enérgicas contra los paraísos fiscales y las jurisdicciones con secreto bancario que facilitan la evasión fiscal. Este proceso debe seguir el ritmo de las acciones emprendidas en los países del G-20 para acabar con el secreto bancario y reforzar la cooperación y el intercambio de información entre países.
WASHINGTON, DC – Global Financial Integrity (GFI) Director Raymond Baker will testify before the U.S. House of Representatives as part of a hearing on capital loss, corruption and the role of Western financial institutions.
WASHINGTON, DC – Global Financial Integrity (GFI) applauds the Obama Administration’s efforts to fix the broken tax system that enables corporations to game the system to avoid paying their fair share of taxes.
Official Statement from GFI
WASHINGTON, DC – This time last year the German government was pursuing a campaign to obtain information on 900 of its citizens whose names appeared on a list of secret accounts at Liechtenstein’s LGT bank. Meanwhile, presidential hopeful and then-Senator Barack Obama was pledging to crackdown on tax havens and tax evaders if elected president. The world economy was still in one piece and the Dow was above 10,000.
