Task Force Blog

Thursday’s Daily News Digest

What will they think of next?

Norfund buy the Code of Conduct

Governments are just not set up to invest in strategic thinking

Investments for development: derailed to tax havens

Tuesday’s Daily News Digest

Honorable Dr. Rafael Espada, Vice President of Guatemala, to Address Participants of Task Force on Financial Integrity and Economic Development Conference

Report: Investments for Development: Derailed to Tax Havens

Asserting the right to tax corporations – like Wolseley

Resources from the 2010 Annual Task Force Conference

Task Force: beneficial ownership

Watch the Conference Live from Bergen!

G20 Communiqué Acknowledges Broken Financial System, But Leaves Clear Solutions on the Table

November 16, 2014

BRISBANE—With the release of the Brisbane communiqué, G20 leaders have acknowledged the cracks in our financial system, yet they haven’t acted on some common sense steps to bolster the fight against illicit financial flows.

“It’s good that G20 leaders have been discussing the ravaging effects tax evasion, avoidance and money laundering have on our economies, but they seem to discuss the problem every year. There is a strong and growing consensus across experts, business leaders, and even the accounting firm Price Waterhouse Coopers on some common sense financial transparency measures,” said Porter McConnell, Manager of the Financial Transparency Coalition. “Unfortunately, G20 leaders left a number of key actions on the table.”

It’s a vital step that G20 leaders have recognized the importance of collecting information on the beneficial owners of companies. But the fact that the word ‘public’ is still missing from both beneficial ownership registers and country by country reporting standards shows that G20 leaders aren’t fully committed to finding the strongest solutions.

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