Global Financial Integrity

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Press Releases

New Report Finds that Illicit Financial Flows out of the Developing World Overwhelm Foreign Aid

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

WASHINGTON, DC – A new report by Global Financial Integrity,“Illicit Financial Flows from Developing Countries: 2002-2006,” shows that the developing world is losing an increasing amount of money through illicit capital flight each year.

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Global Financial Integrity Welcomes New Advisory Board Member

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

Kenneth M. Jensen Joins Global Financial Integrity Advisory Board

WASHINGTON, DC – Global Financial Integrity is pleased to welcome Kenneth M. Jensen  as the newest member of its advisory board.

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Increasing Financial Transparency Critical to Rescuing Global Economy, Says Global Financial Integrity

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

WASHINGTON, DC – When G20 leaders meet in Washington, D.C., this Saturday, improving transparency in the financial system must be a priority, says Global Financial Integrity (GFI).

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Germany Calls for Addition of Switzerland to OECD Blacklist of Tax Havens

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

WASHINGTON, DC – Member countries of the Organization for Economic Cooperation and Development (OECD) met in Paris, France Tuesday for the “Conference on the Fight Against International Tax Evasion and Avoidance: Improving Transparency and Stepping-Up Exchange of Information in Tax Matters.”

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UN Convenes High-Level Meetings on Africa, Millennium Development Goals

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

NEW YORK – The UN Secretary-General and the President of the UN General Assembly are convening a High-level Event on the Millennium Development Goals at UN Headquarters in New York today.

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GFI Applauds Senator and Democratic Presidential Candidate Barack Obama’s Pledge to Close Corporate Loopholes, Tax Havens

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

WASHINGTON, DC – Senator Barack Obama accepted the Democratic Party presidential nomination last night with a speech in which he stated that he would fund his agenda for domestic reform, including providing tax relief for working families, healthcare and investment in energy independence and education, by “closing corporate tax loopholes and tax havens.”

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Democratic Republic of Congo Lost $15.5 Billion in Capital Flight Since 1980, According to GFI Report

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

WASHINGTON, DC – The Democratic Republic of Congo (DRC) lost an estimated $15.5 billion due to capital flight from 1980 to 2006, according to a new report from Global Financial Integrity (GFI).  The report was prepared using data from the International Monetary Fund and World Bank and represents the most up-to-date figures for illicit capital outflow from the DRC.

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Legislative Action Needed to Tackle Scourge of Tax Evasion, Says Global Financial Integrity

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

WASHINGTON, DC – The Senate Permanent Subcommittee on Investigations’ hearing Thursday, “Tax Havens and U.S. Tax Compliance” offered rare insight into a shadowy world of secretive banking practices and reported figures for estimated revenue lost through tax evasion and “abusive tax schemes” in the tens of billions.

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