May 12, 2009
WASHINGTON, DC – International poverty eradication group Christian Aid is the newest member to join the Task Force on Financial Integrity and Economic Development, Global Financial Integrity (GFI) announced today.
May 4, 2009
WASHINGTON, DC – Global Financial Integrity (GFI) applauds the Obama Administration’s efforts to fix the broken tax system that enables corporations to game the system to avoid paying their fair share of taxes.
April 28, 2009
WASHINGTON, DC – Global Financial Integrity (GFI) applauds the European Commission’s release of recommendations for actions EU Member States should take to promote “good governance” in tax assessment and collection, such as increasing transparency. Released today, the Commission’s recommendations build on existing EU policy for good governance and the recent G20 conclusions concerning uncooperative tax jurisdictions.
April 24, 2009
WASHINGTON, DC – Global Financial Integrity welcomes Krishen Mehta, as the newest member of its Advisory Board. Mr. Mehta is a U.S. CPA and has been a partner with PricewaterhouseCoopers (PwC) for almost 20 years. From 1994 to 2008 Mr. Mehta worked closely with PwC clients in Japan, South Korea, China, Singapore, Malaysia, Indonesia, Taiwan, and India.
April 20, 2009
WASHINGTON, DC – Global Financial Integrity issued a statement today on its 2008 report “Illicit Financial Flows from Developing Countries: 2002-2006,” in response to growing interest in and citation of the report’s estimates of illicit capital flight out of India, which is ranked fifth out of 160 developing countries analyzed.
April 20, 2009
WASHINGTON, DC – The Netherlands Ministry of Foreign Affairs is the newest member to join the Task Force on Financial Integrity and Economic Development as a member of the Task Force Partnership Panel, Global Financial Integrity (GFI) announced today.
April 15, 2009
WASHINGTON, DC – This time last year the German government was pursuing a campaign to obtain information on 900 of its citizens whose names appeared on a list of secret accounts at Liechtenstein’s LGT bank. Meanwhile, presidential hopeful and then-Senator Barack Obama was pledging to crackdown on tax havens and tax evaders if elected president. The world economy was still in one piece and the Dow was above 10,000.
April 2, 2009
WASHINGTON, DC – Every year developing countries lose as much as $1 trillion due to illicit financial practices such as government corruption, tax evasion, and criminal activity. Today’s pledge from the G20 to increase funding for the IMF and for the developing world are laudable, but these efforts must also address illicit capital flight which remains the greatest impediment to economic development and poverty alleviation.