Financial Transparency Coalition

The Financial Transparency Coalition is a group that brings together civil society and governments around the world to stem illicit financial flows[1] that are costing developing countries nearly a trillion dollars[2] each year. The Coalition was formerly known as the Task Force on Financial Integrity and Economic Development.[3]

Financial Transparency Coalition
PredecessorTask Force on Financial Integrity and Economic Development
Formation2013 (2013)
TypeTask Force made up of Coalition of NGOs and Governments
PurposeStem illicit financial flows
Location
Websitewww.financialtransparency.org

Membership

According to its website, the members of the coordinating committee responsible for its operations are Centre for Budget and Governance Accountability, Christian Aid, Eurodad, Fundación SES, Global Financial Integrity, Global Witness, LATINDADD, Tax Justice Network, Tax Justice Network Africa, and Transparency International. Coalition administration is managed by a neutral secretariat based at the Center for International Policy in Washington, DC.

The Coalition includes a non-voting Partnership Panel of Governments and Foundations. Its members are:[4]

Policy

The Coalition advocates around six policy areas for greater financial transparency – public country-by-country reporting of sales, profits, and taxes paid by multinational corporations; public registers of beneficial ownership of business entities; automatic cross-border exchange of tax information; open data; ensuring that the institutions making international standards are equitable; holding the enablers of illicit financial flows accountable.[5]

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See also

References
  1. Blum, Jack. "David Cameron could make Bermuda open up on taxes – if he wanted to". The Guardian. Retrieved January 30, 2014.
  2. Dev Kar; Brian LeBlanc (2013). "Illicit Financial Flows from Developing Countries: 2002-2011 A December 2013 Report from Global Financial Integrity". Global Financial Integrity. Retrieved January 30, 2014.
  3. Rubenfeld, Samuel (May 31, 2013). "Corruption Currents: From Vatican Bank Image Redux to Adopting Rules". Wall Street Journal. Retrieved January 30, 2014.
  4. "Partnership Panel". FinancialTransparency.org. Financial Transparency Coalition. Retrieved January 30, 2014.
  5. "Financial Transparency Coalition Overview". FinancialTransparency.org. Financial Transparency Coalition. Retrieved January 30, 2014.
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