WASHINGTON, DC – The UK’s proposal to tackle tax evasion in developing countries by instituting multilateral tax information exchange agreements and requiring multinational corporations to provide country-by-country reporting of profits and revenue could help prevent the loss of as much as $1 trillion from developing countries every year, says Global Financial Integrity (GFI).
WASHINGTON, DC – Global Financial Integrity (GFI) launched its “G20 Transparency” campaign today, an international grassroots sign-on drive to collect 100,000 signatures on a petition calling for greater transparency in the global financial system. The petition will be delivered to Canadian Prime Minister Stephen Harper prior to the G20 meeting in Toronto at the end of June.
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.
WASHINGTON, DC — Global Financial Integrity (GFI) released today a statement-dubbed the New Haven Declaration-which debuts a new partnership between humans rights and financial transparency advocacy groups. Today’s announcement follows a meeting of prominent human rights and financial transparency organizations at Yale University in early December, 2009. The groups discussed the link between illicit financial practices, secrecy in global finance and their adverse impact on human rights.
WASHINGTON, DC — A new audit program developed by Chile’s tax authority to detect “differences in inter-company transactions” of Chilean multinational corporations is a crucial step towards more effective regulation of a practice often utilized by multinationals to evade taxes, said Global Financial Integrity (GFI) Wednesday.
WASHINGTON, DC — Global Financial Integrity joined leading civil society groups in calling for swift passage of H.R. 4213, the Tax Extenders Act of 2009, expected to go to the House floor today for a vote. Multiple groups, ranging from the AFL-CIO to U.S. Public Interest Research Group (US PIRG), signed a letter voicing support for the bill which includes language that would tackle banking secrecy and tax evasion.
WASHINGTON, DC — Today, as countries around the world observe International Anti-Corruption Day, Washington, DC-based research and advocacy organization Global Financial Integrity (GFI) notes the following victories and defeats from the past year in the fight against international corruption:
WASHINGTON, DC — Global Financial Integrity (GFI) applauds the on-going work of the U.S. Department of Justice and the Internal Revenue Service towards bringing wealthy tax evading citizens to justice. Following the release today of the previously confidential “annex” of criteria UBS will use to choose which accounts it remits information on, GFI urges consideration of further comprehensive reform of global financial protocols as significant shortcomings remain in the diplomatic and regulatory landscape.