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).
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.”
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.
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.”
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.
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.
WASHINGTON, DC – Global Financial Integrity (GFI) applauds the Senate Permanent Subcommittee on Investigations’ exploration into the role of offshore banks in U.S. tax evasion. The Subcommittee will be holding a hearing on “Tax Haven Banks and U.S. Tax Compliance,” Thursday, July 17th to investigate if and how financial institutions located in offshore jurisdictions, including Liechtenstein and Switzerland, facilitate illicit financial practices such as tax evasion.
WASHINGTON, DC – As rising food and fuel prices threaten to plunge millions of people in the developing world into abject poverty, Global Financial Integrity (GFI) urges curtailment of illicit capital flight as a crucial component of poverty alleviation and economic development efforts.