Tag Archives | Developing countries

OECD moves forward on tax transparency

Last September G20 leaders moved towards greater transparency to crack down on tax evasion. They promised a “new global standard” to increase the exchange of financial information between countries. Whereas today tax authorities have to chase information from others authorities if and when they suspect foul play, this new standard will require any jurisdiction signing […]

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Does fighting corruption really make business sense?

No doubt, business plays a crucial role in countering corruption. So as attempts have increased to motivate companies to engage in the fight against corruption more, so have references to the so-called “business case against corruption”. It argues that corruption is not only morally wrong and damaging to societies, but also detrimental to the companies […]

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New Report: Developing Countries Lost $5.86 Trillion from 2001-2010

Reposted from the blog of the Task Force for Financial Integrity & Economic Development. Task Force member Global Financial Integrity released their newest report on illicit financial flows from the developing world last night. The report found that $5.86 trillion left the developing world due to crime, corruption, and tax evasion from 2001-2010, $859 billion […]

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