Global Financial Integrity

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Press Releases

Civil Society Groups Show Support for Congressional Action on Tax Havens

Monique Perry Danziger, +1 202 293 0740 ext. 222

WASHINGTON, DC – Global Financial Integrity (GFI) sent Congressional leadership a letter today signed by nearly 30 public interest groups affirming support for legislation that would combat offshore secrecy jurisdictions (Stop Tax Haven Abuse Act) and applauding Congressional action on the problem of tax haven abuse.   Called the “Stop Tax Haven Abuse Act” the Levin bill would, among other benefits, give the Treasury Department “authority to take special measures against foreign jurisdictions and financial institutions that impede U.S. tax enforcement.”  An estimated $100 billion in US taxes are lost each year due to the abuse of tax havens.

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Increasing Transparency in the Global Financial System Must Be on G20 Agenda

Monique Perry Danziger, +1 202 293 0740 ext. 222

WASHINGTON, DC – Global Financial Integrity Director Raymond Baker released the following statement ahead of the upcoming G20 summit in London.

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Government of Denmark Joins Task Force on Financial Integrity and Economic Development

Monique Perry Danziger, +1 202 293 0740 ext. 222

WASHINGTON, DC – The Government of Denmark is the newest member to join the Task Force on Financial Integrity and Economic Development, Global Financial Integrity announced this week.

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GFI Welcomes Stop Tax Haven Abuse Act

Monique Perry Danziger, +1 202 293 0740 ext. 222

WASHINGTON, DC – Global Financial Integrity welcomed the introduction of the Stop Tax Haven Abuse Act.

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Transparency International Joins Task Force on Financial Integrity and Economic Development

Monique Perry Danziger, +1 202 293 0740 ext. 222

WASHINGTON, DC – International anti-corruption leader Transparency International (TI) is the newest member to join the Task Force on Financial Integrity and Economic Development, Global Financial Integrity (GFI) announced today.

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Information Exchange, Reporting, Facilitating Due Diligence, Key to Increasing Transparency

Monique Perry Danziger, +1 202 293 0740 ext. 222

WASHINGTON, DC – The discovery of “massive and on-going fraud” at Stanford Financial Group, intensifying U.S. pressure against Swiss bank UBS, and strong words of intent to crackdown on tax havens issued Sunday by EU finance ministers are just the latest events to underscore the need to institute transparency measures in tax and financial policy.

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European Commission Move to Abolish Bank Secrecy Critical to Fighting Tax Evasion

Monique Perry Danziger, +1 202 293 0740 ext. 222

WASHINGTON, DC – Global Financial Integrity (GFI) applauds the European Commission’s adoption of measures to improve cooperation between EU member states and increase transparency in tax assessment and collection. These measures to abolish bank secrecy and foster greater cooperation between EU nations are part of wider EU efforts to crackdown on tax evaders.

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Transparency, Accountability Key to Restructuring of Global Financial System

Monique Perry Danziger, +1 202 293 0740 ext. 222

WASHINGTON, DC – As policy makers, business leaders, and institutional stakeholders convene in Davos, Switzerland for the World Economic Forum, Global Financial Integrity (GFI) urges participants to call for greatly improved financial transparency and accountability.

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