Posts

A global asset registry will boost equality and fight lawless wealth

Anonymous private wealth. Luxurious homes, state-of-the-art yachts and aircraft, priceless jewellery, valuable pieces of art, and more. Symbols of an ever-increasing global problem of financial inequality, and a proven driver also of corruption and tax abuse. Such wealth in the hands of a mere fraction of the global population is unsustainable – and as long Read more >

Will Africa become Russian oligarchs’ new safe haven? 

First published on Financial Transparency Coalition  During the last decade, Russia has expanded its interests and presence in Africa by investing in the mining sector and increasing military support to fragile states, primarily through private military contractors and mercenaries. One of Africa’s most prominent private military groups is the Wagner Group, believed to be financed by one Read more >

Developed countries highly complicit in financial secrecy 

Illicit financial flows create an unjust society and further worsen inequality, especially for underdeveloped countries. This is the message from the Tax Justice Network (TJN), which released its 2022 Financial Secrecy Index (FSI) on 16 May.  The FSI is a ranking of jurisdictions which fuel financial secrecy by helping individuals to hide their finances from Read more >

Global financial secrecy revealed in the 2018 FSI

The 2018 Financial Secrecy Index (FSI), an initiative of the Tax Justice Network (TJN), was launched recently. The FSI ranks jurisdictions according to their secrecy and the scale of their offshore financial activities. It shies away from being political, positioning itself instead as a tool for understanding global financial secrecy, tax havens or secrecy jurisdictions, Read more >