News & Events

Massive “Pandora Papers” Financial Secrecy Leaks Highlight Need for U.S. Reforms

The International Consortium of Investigative Journalists, along with major news outlets such as the Washington Post, yesterday revealed the largest leak of private financial records to date, eclipsing the Panama Papers in scope and scale. The “Pandora Papers” confirm the use of a secretive “offshore” financial system that allows criminals, world leaders, and others to hide billions of dollars from authorities, fueling tax dodging and corruption.

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Investors Call on Financial Accounting Standards Board to Prioritize Public Country-by-Country Tax Reporting

Yesterday, investors with over $2.9 trillion in assets under management called on the Financial Accounting Standards Board (FASB) to prioritize public country-by-country tax reporting as part of FASB’s future standard-setting agenda. Signatories represented a broad coalition of asset managers, public pension funds, labor funds, international investors, foundations and religious investors.

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Video: September 9th Panel – The Global is Local

The FACT Coalition, Global Financial Integrity, Action Center on Race and the Economy, Transparency International’s U.S. Office, and the California Reinvestment Coalition co-sponsored a panel to learn from experts about the scope of real estate money laundering and what the U.S. should do to fight it, and in doing so combat global corruption and create fairer housing markets here at home.

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