February 12, 2010
Washington, DC — Developing country treasuries are losing approximately $100 billion dollars every year due to trade mispricing, according to a new report available today from Global Financial Integrity (GFI).
January 27, 2010
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).
January 21, 2010
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.
January 15, 2010
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.
January 7, 2010
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.
December 17, 2009
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.
December 9, 2009
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.
December 9, 2009
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: