Global Financial Integrity

 

Press

Passage of Jobs Bill with FATCA Provision Critical Step Toward Tackling Tax Evasion, Banking Secrecy

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

Washington, DC – The Senate’s passage Wednesday of legislation requiring increased reporting and withholding by offshore financial centers marks a significant step forward in efforts to combat US tax evasion and banking secrecy, said Global Financial Integrity.  The measures, part of the Foreign Account Tax Compliance Act (FATCA) subtitle of the Hiring Incentives to Restore Employment (HIRE) Act—which went to the President for his signature yesterday—are also predicted to generate $8.7 billion over 10 years.

Read More

New Report Finds Developing Country Governments Lose $100 Billion Annually Due to Trade Mispricing

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

Washington, DC — Developing country treasuries are losing approximately $100 billion dollars every year due to trade mispricing, according to a new report available today from Global Financial Integrity (GFI).

Read More

UK Plan to Fight Tax Evasion in Developing Countries Could Prevent Loss of $1 Trillion in IFFs

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

WASHINGTON, DC – The UK’s proposal to tackle tax evasion in developing countries by instituting multilateral tax information exchange agreements and requiring multinational corporations to provide country-by-country reporting of profits and revenue could help prevent the loss of as much as $1 trillion from developing countries every year, says Global Financial Integrity (GFI).

Read More

GFI Launches “G20 Transparency” Campaign Calling on World Leaders to Fight Poverty

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

WASHINGTON, DC – Global Financial Integrity (GFI) launched its “G20 Transparency” campaign today, an international grassroots sign-on drive to collect 100,000 signatures on a petition calling for greater transparency in the global financial system.  The petition will be delivered to Canadian Prime Minister Stephen Harper prior to the G20 meeting in Toronto at the end of June.

Read More

EURODAD Joins Task Force on Financial Integrity & Economic Development

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

WASHINGTON, DC — The European Network on Debt and Development (EURODAD), comprised of 59 non-governmental organizations (NGOs) from 18 European countries working on debt, development finance, and poverty reduction, has joined the Task Force on Financial Integrity and Economic Development, Global Financial Integrity (GFI) announced today.

Read More

Financial Integrity Meets Human Rights

Arvind Ganesan
Thomas Pogge
Global Financial Integrity
Raymond Baker

In early December of last year, an unusual group of 40 organizations and individuals met at Yale University to discuss illicit capital flows out of developing countries, lack of transparency in the global financial system, and the impact these conditions have on human rights around the world. The meeting brought together experts from the fields of human rights and financial transparency to explore similarities in their work and develop a common agenda.

Read More

GFI Releases “New Haven Declaration” as a Step Forward in the Fight For Human Rights

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

WASHINGTON, DC — Global Financial Integrity (GFI) released today a statement-dubbed the New Haven Declaration-which debuts a new partnership between humans rights and financial transparency advocacy groups. Today’s announcement follows a meeting of prominent human rights and financial transparency organizations at Yale University in early December, 2009. The groups discussed the link between illicit financial practices, secrecy in global finance and their adverse impact on human rights.

Read More

Chile’s Transfer Pricing Audit of Multinationals Could Yield Insight into Corporate Tax Evasion

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

WASHINGTON, DC — A new audit program developed by Chile’s tax authority to detect “differences in inter-company transactions” of Chilean multinational corporations is a crucial step towards more effective regulation of a practice often utilized by multinationals to evade taxes, said Global Financial Integrity (GFI) Wednesday.

Read More