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) Advisory Board member Eva Joly has been selected to Chair the European Parliament’s Committee on Development (DEVE). The Committee is responsible for promoting, implementing, and monitoring European Union development policy including disbursing economic aid and fostering and evaluating governance practices.
WASHINGTON, DC – Global Financial Integrity (GFI) is calling on the UK Government to withdraw a report on illicit financial flows prepared by the Oxford Centre for Business Taxation from its Department for International Development (DFID) Web site due to extensive factual errors, omissions, and erroneous conclusions present in the document.
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 – Language in the G8 Economic Declaration stating a commitment to fight “illegal financial flows,” and improve “financial transparency” is further evidence of a sea change in world-views about finance and development, said Global Financial Integrity today.
WASHINGTON, DC – The Basel Institute on Governance is the newest member to join the Task Force on Financial Integrity and Economic Development, officiating Task Force member Global Financial Integrity (GFI) announced today.
WASHINGTON, DC – Global Financial Integrity (GFI) has joined international civil society groups in calling for vigilance in the case of Cameroonian journalist Jean-Bosco Talla, who has been the subject of threats and intimidation for his part in an investigation into government corruption and thievery of national assets.