For those who wonder why such a fuss is made about illicit financial flows in the form of tax abuse, here is the reason – countries around the world are losing US$492-billion in tax a year because multinational corporations and wealthy individuals are able to use tax havens to avoid or underpay tax. Nearly half Read more >
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CORRUPTION NEWS
Image: Civil Society Financing for Development Mechanism The global system of taxation is profoundly unequal, and long overdue for change. Global tax rules tend to favour developed countries, to a large degree because the Organisation for Economic Cooperation and Development (OECD) is the de facto rule setter, and has been for over 60 years. Those Read more >
CORRUPTION NEWS
By Mark Bou MansourFirst published on the Tax Justice Network On 22 November countries at the UN adopted, by a landslide majority, a resolution to begin the process of establishing a framework convention on tax and completely change how global tax rules are decided. The framework convention can eventually move decision-making on global tax rules Read more >
CORRUPTION NEWS
In part 1 of our miniseries on strengthening public accountability, we focused on a recent discussion, titled Strengthening Political Integrity, which took place on 30 March 2022 at the 10th edition of the Organisation for Economic Co-operation and Development’s (OECD) annual global anti-corruption and integrity forum. Part 1 also highlighted the crisis that can ensue Read more >
CORRUPTION NEWS
At the beginning of April the Organisation for Economic Co-operation and Development (OECD) held the 10th edition of its annual global anti-corruption and integrity forum, in a virtual environment. The theme this year was Renew with Integrity, and the event focused on how creating different frameworks could resolve long-standing challenges, especially those exacerbated by the Read more >
CORRUPTION NEWS
In 2018 Transparency International released a further edition of its Exporting Corruption survey, a progress report which rates countries based on their enforcement against foreign bribery under the OECD Anti-Bribery Convention. The OECD convention requires signatory countries to criminalise bribery of foreign public officials and introduce related measures. That report highlighted South Africa’s failure to Read more >
PRESS RELEASES
There has been limited if any progress in South Africa’s attempts to curb foreign bribery over the past two years. This suggests that it remains relatively easy for South African companies to engage in corruption when conducting business outside the country’s borders, notes Corruption Watch. According to Exporting Corruption 2020: Assessing Enforcement of the OECD Read more >
CORRUPTION NEWS
The South African government recently announced its national anti-corruption strategy (NACS), that is aimed at tackling corruption in the public and private sectors, civil society, and citizen sector, as well as looking forward to other forms of corruption that could arise in the future – for example, cybercrime as a result of the evolution of Read more >
CORRUPTION NEWS
Money laundering and illicit financial flows are two related, but distinct types of corruption that pose a huge threat to development and political and economic stability around the world. Developing countries are especially hard hit. The two are closely linked to the concept of beneficial ownership, which is a term referring to the true owner Read more >