House Judiciary to Hold Hearing on Changes to Key Anti-Bribery, Corruption Law
WASHINGTON, DC – The House Judiciary Committee will convene a hearing tomorrow to consider whether to amend the Foreign Corrupt Practices Act (FCPA), the nation’s flagship anti-corruption legislation. Among other things, the hearing will specifically consider amendments proposed to the act by the U.S. Chamber Institute for Legal Reform, an affiliate of the U.S. Chamber of Commerce, which FCPA-proponents charge will significantly weaken the anti-corruption legislation and undermine efforts to tackle corruption and illicit financial practices abroad.
Global Financial Integrity
Gathering of Influential Tax Professionals Examines Tackling Illicit Financial Flows, Corruption, Tax Evasion, and Tax Avoidance
WASHINGTON, DC – The 2011 OECD International Tax Conference taking place today is expected to include dialogue on tax and development with a focus on two key issues: the impact of illicit financial outflows on developing countries and country-by-country reporting.
Global Financial Integrity
Current OECD Standard Falls Short, Says Global Financial Integrity
WASHINGTON, DC – As the Organization for Economic Cooperation and Development (OECD) convenes its third meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Bermuda today, addressing deficiencies in the current OECD standard of tax information exchange is crucial, said Global Financial Integrity (GFI).
Global Financial Integrity
OSLO, Norway – Global Financial Integrity Director Raymond Baker delivered remarks today on the importance of transparency in the extractive industries at the “Global Investors for Financial Transparency” meeting in Oslo, Norway. Mr. Baker focused on the importance of country-by-country reporting requirements for oil, gas, and mining companies. Attendees included high-level Norwegian and EU elected officials, regulators, investors, and representatives of the Oslo Stock Exchange.
Global Financial Integrity
Proposed Rule Would Require Banks to Report Information on the U.S. Accounts of Foreigners
WASHINGTON, DC – The U.S. Treasury Department will hold a hearing tomorrow on a proposed rule requiring banks to report information to the Internal Revenue Service (IRS) on bank accounts held by non-U.S. residents. Currently, U.S. banks are not required to give the U.S. government information about these types of accounts.
Study Finds 48 Poorest Countries Lost US$197 Billion From 1990-2008; Serious Impediment to Development Efforts
ISTANBUL, Turkey – A United Nations Development Program (UNDP) commissioned report from Global Financial Integrity (GFI) on illicit financial flows from the Least Developed Countries (LDCs) was presented for discussion yesterday at the United Nations IV Conference on Least Developed Countries hosted by the Republic of Turkey.
Global Financial Integrity
Financial Reform Coalition to Showcase New Initiatives, News, and Analysis
WASHINGTON, DC – Starting Monday, May 9th Global Financial Integrity (GFI) will feature content from the Financial Accountability and Corporate Transparency (FACT) coalition in the Resources section of the www.gfip.org website or through http://fact.gfip.org.
Hans Hessel-Andersen
Global Financial Integrity
Remarks to Focus on Illicit Outflows from Africa, Country-by-Country Reporting
COPENHAGEN, Denmark – Global Financial Integrity (GFI) Director Raymond Baker will deliver remarks Tuesday, May 3rd as part of the Danish Ministry of Foreign Affairs’ 2011 Danida Days development conference followed by an appearance the same day before the Foreign Affairs Committee of the Danish Parliament.
