WASHINGTON, DC — As the Group of Twenty Finance Ministers meet tomorrow in St Andrews, Global Financial Integrity (GFI) urges leaders to acknowledge the devastating link between illicit financial flows from developing countries, secrecy jurisdictions (tax havens), and global poverty.
Expert Will Urge Senate to End U.S. Corporate Secrecy, Help Law Enforcement Fight Money-Laundering, Terrorism
WASHINGTON, DC – Global Financial Integrity (GFI) Advisor and Tax Justice Network – USA (TJN-USA) Chairman Jack Blum will testify tomorrow morning before the U.S. Senate Committee on Homeland Security and Government Affairs in support of S. 569, the Incorporation Transparency and Law Enforcement Assistance Act.
WASHINGTON, DC – According to a new analysis of financial jurisdictions prepared by UK-based civil society group Tax Justice Network, the state of Delaware is the most secretive financial jurisdiction in the world. Based on the laws and practices of 60 financial jurisdictions the Financial Secrecy Index (FSI) ranks jurisdictions according to their level of secrecy and the extent to which they cooperate with tax authorities in other countries.
WASHINGTON, DC — Global Financial Integrity (GFI) Director Raymond Baker issued the following statement following the news of Mr. McDonald’s passing:
WASHINGTON, DC – The G-20 reaffirmed its commitment to pressing uncooperative secrecy jurisdictions to adopt more rigorous reporting standards, tackle banking secrecy, and increase overall transparency in global finance in a communiqué released at the conclusion of today’s summit in Pittsburgh.
WASHINGTON, DC – As the Group of Twenty meets today in Pittsburgh, Global Financial Integrity (GFI) urges leaders to pursue measures to increase transparency in global finance and curtail illicit financial flows.
New Protocol Signed Wednesday Does Little to Enhance U.S. Ability to Pursue Tax Cheats with Accounts in Switzerland
WASHINGTON, DC – A protocol signed Wednesday by the United States and Switzerland amending the U.S.-Swiss Tax Treaty falls short of ensuring effective information-exchange between the U.S. and Swiss financial institutions, said Global Financial Integrity (GFI) Thursday.
WASHINGTON, DC – Day two of the Task Force on Financial Integrity and Economic Development’s 2009 Conference “Increasing Transparency in Global Finance: A Development Imperative,” began this morning with a panel on beneficial ownership.