Financial Transparency Coalition
@fintrco.bsky.social
Financial Transparency Coalition is a global CSO coalition working for a more transparent financial system, that reduces Illicit Financial Flows that harm human rights, the environment and sustainable development.
https://financialtransparency.org/
https://financialtransparency.org/
US needs to implement the Corporate Transparency Act (CTA) rather than the misguided focus on cash transsactions of $200 to end drug abuse, which is a $500 bn market. Real risks lie in issues such as anonymous shell companies, by @jyansura.bsky.social @factcoalition.bsky.social see: rb.gy/cu8ona
Misguided Treasury AML Action Centers Politics Over Risks
Prioritizing small scale, politicized anti-money laundering policies over meaningful structural reforms will do little to protect Americans from the impacts of illegal drug trafficking, writes FACT pr...
rb.gy
March 14, 2025 at 11:04 AM
US needs to implement the Corporate Transparency Act (CTA) rather than the misguided focus on cash transsactions of $200 to end drug abuse, which is a $500 bn market. Real risks lie in issues such as anonymous shell companies, by @jyansura.bsky.social @factcoalition.bsky.social see: rb.gy/cu8ona
Reposted by Financial Transparency Coalition
Starbucks' Sourcing Aided $1.3B Low-Tax Profits, Report Says
-Swiss tax dodge hides behind Starbucks 'ethical' sourcing... @cictar.bsky.social @sbworkersunited.org @taxjusticenet.bsky.social @icrict.bsky.social
www.law360.com/tax-authorit...
-Swiss tax dodge hides behind Starbucks 'ethical' sourcing... @cictar.bsky.social @sbworkersunited.org @taxjusticenet.bsky.social @icrict.bsky.social
www.law360.com/tax-authorit...
Starbucks' Sourcing Aided $1.3B Low-Tax Profits, Report Says - Law360 Tax Authority
Starbucks leveraged its private certification program for coffee growers to boost profits transferred almost tax-free from Switzerland to the Netherlands to the U.K., amounting to an estimated $1.3 bi...
www.law360.com
March 13, 2025 at 5:24 AM
Starbucks' Sourcing Aided $1.3B Low-Tax Profits, Report Says
-Swiss tax dodge hides behind Starbucks 'ethical' sourcing... @cictar.bsky.social @sbworkersunited.org @taxjusticenet.bsky.social @icrict.bsky.social
www.law360.com/tax-authorit...
-Swiss tax dodge hides behind Starbucks 'ethical' sourcing... @cictar.bsky.social @sbworkersunited.org @taxjusticenet.bsky.social @icrict.bsky.social
www.law360.com/tax-authorit...
Reposted by Financial Transparency Coalition
🚨Urgent: The UN faces a liquidity crisis, threatening a fair global tax system! UN member states must act NOW by providing immediate, extrabudgetary funding to keep the #UNTaxConvention on track. The world is watching - let’s build a tax system that works for everyone! taxjustice.net/2025/03/12/u...
Urgent call to action: UN Member States must step up with financial contributions to advance the UN Framework Convention on International Tax Cooperation - Tax Justice Network
We are calling on UN Member States to make immediate financial contributions to support the preparations for the negotiations of the UN Framework Convention
taxjustice.net
March 12, 2025 at 3:38 PM
🚨Urgent: The UN faces a liquidity crisis, threatening a fair global tax system! UN member states must act NOW by providing immediate, extrabudgetary funding to keep the #UNTaxConvention on track. The world is watching - let’s build a tax system that works for everyone! taxjustice.net/2025/03/12/u...
No commercial vessel should be allowed to call a port without publishing its beneficial ownership details on the public record. Hidden vessel ownership, and beneficial ownership not only enables the Russian "ghost fleet", but also IUU fishing and forced labour on fishing and merchant vessels.
Russia’s ghost ships haunt Libya www.icij.org/news/2025/03... via @icij.org
Russia’s ghost ships haunt Libya - ICIJ
The Kremlin is using vessels from its “ghost fleet” — hundreds of aging commercial ships with obscured ownership — to send military equipment to Libyan strongman Khalifa Haftar, leaked documents revea...
www.icij.org
March 14, 2025 at 9:30 AM
No commercial vessel should be allowed to call a port without publishing its beneficial ownership details on the public record. Hidden vessel ownership, and beneficial ownership not only enables the Russian "ghost fleet", but also IUU fishing and forced labour on fishing and merchant vessels.
@cictar.bsky.social alledges: "all of Starbucks’ coffee – at least 3% of the global coffee bean trade – is purchased via a Swiss subsidiary [...] Starbucks Coffee Trading Company Sarl, has marked up the price by a stunning 15-18% before re-selling to other Starbucks subsidiaries" see: rb.gy/7o2ikm
Starbucks’ Swiss Scheme: ‘Fair’ Trading or Global Tax Dodge? — Centre for International Corporate Tax Accountability and Research
Report reveals $1.3 billion Starbucks profit diverted to Swiss subsidiary over the last decade. 99% of all the corporation's coffee is transferred, on paper, through Switzerland, despite most of it ne...
rb.gy
March 13, 2025 at 10:19 AM
@cictar.bsky.social alledges: "all of Starbucks’ coffee – at least 3% of the global coffee bean trade – is purchased via a Swiss subsidiary [...] Starbucks Coffee Trading Company Sarl, has marked up the price by a stunning 15-18% before re-selling to other Starbucks subsidiaries" see: rb.gy/7o2ikm
Reposted by Financial Transparency Coalition
Starting now at the @humanrightscouncil.bsky.social: CIEL's
@lienvandamme.bsky.social is speaking at a #HRC58 side event on the landscape of #ClimateFinance, debt, tax, and illicit financial flows through a human rights lens.
More info: genevaenvironmentnetwork.org/events/under...
A 🧵👇
@lienvandamme.bsky.social is speaking at a #HRC58 side event on the landscape of #ClimateFinance, debt, tax, and illicit financial flows through a human rights lens.
More info: genevaenvironmentnetwork.org/events/under...
A 🧵👇
March 10, 2025 at 11:16 AM
Starting now at the @humanrightscouncil.bsky.social: CIEL's
@lienvandamme.bsky.social is speaking at a #HRC58 side event on the landscape of #ClimateFinance, debt, tax, and illicit financial flows through a human rights lens.
More info: genevaenvironmentnetwork.org/events/under...
A 🧵👇
@lienvandamme.bsky.social is speaking at a #HRC58 side event on the landscape of #ClimateFinance, debt, tax, and illicit financial flows through a human rights lens.
More info: genevaenvironmentnetwork.org/events/under...
A 🧵👇
Land transparency is a key part of wider asset transparency, important to track down Illicit Financial Flows from illicit activity like illegal logging, crops grown on illegal land, kleptocrats and tax dodgers hiding behind secretive land ownership.
Huge win! Government announces plans to open up the Land Registry.
If delivered, will finally reveal more about who owns land in England and Wales.
Read my blog post for more details & how you can write to the Minister to make sure this now happens:
whoownsengland.org/2025/03/06/h...
🧵1/
If delivered, will finally reveal more about who owns land in England and Wales.
Read my blog post for more details & how you can write to the Minister to make sure this now happens:
whoownsengland.org/2025/03/06/h...
🧵1/
Huge win! Government announces plan to open up Land Registry
This post is by Guy Shrubsole. Today the UK Government has announced plans to open up the Land Registry – which, if delivered, will finally reveal more about who owns land in England and Wale…
whoownsengland.org
March 6, 2025 at 5:23 PM
Land transparency is a key part of wider asset transparency, important to track down Illicit Financial Flows from illicit activity like illegal logging, crops grown on illegal land, kleptocrats and tax dodgers hiding behind secretive land ownership.
The Ocean Economy also needs to be built with transparency, integrity, and tax justice, and tackling all Illicit Financial Flows (IFFs) that are associated with it. This is why vessel transparency and beneficial ownership transparency on publicly accessible registries is important to tackle abuses.
The ocean economy accounts for 11% of global CO2 emissions, yet no comprehensive dataset tracks emissions across key sectors. 📊 ow.ly/S2zZ50V693Q
The United Nations Ocean Forum is bringing together global leaders to align trade with ocean sustainability. ▶️ ow.ly/caTi50V2CWu
The United Nations Ocean Forum is bringing together global leaders to align trade with ocean sustainability. ▶️ ow.ly/caTi50V2CWu
March 4, 2025 at 12:09 PM
The Ocean Economy also needs to be built with transparency, integrity, and tax justice, and tackling all Illicit Financial Flows (IFFs) that are associated with it. This is why vessel transparency and beneficial ownership transparency on publicly accessible registries is important to tackle abuses.
Reposted by Financial Transparency Coalition
I know it's pointless to say this, but the Beneficial Ownership reporting is really simple to do. The only way it's an "absolute disaster" or "economic menace" is if you are fully aware that writing down your owners will produce criminal liability.
March 3, 2025 at 1:06 PM
I know it's pointless to say this, but the Beneficial Ownership reporting is really simple to do. The only way it's an "absolute disaster" or "economic menace" is if you are fully aware that writing down your owners will produce criminal liability.
Reposted by Financial Transparency Coalition
Happening today and excited to participate. Warwick Business School event in London 'From Baku to Belém'. Greater coherence needed between the UNFCCC and the negotiations for the UN Tax Convention to mobilise resources via internatinal tax cooperation and advancing ownership and asset transparency.
March 4, 2025 at 10:39 AM
Happening today and excited to participate. Warwick Business School event in London 'From Baku to Belém'. Greater coherence needed between the UNFCCC and the negotiations for the UN Tax Convention to mobilise resources via internatinal tax cooperation and advancing ownership and asset transparency.
Ending enforcement of the US Beneficial Ownership Information (BOI) reporting is a win for the world of tax dodging, kleptocrats, oligarchs, financial secrecy linked to illegal fishing and logging, illegal wildlife trade, minerals and fossil fuels. Other countries need to redouble their efforts.
March 4, 2025 at 10:33 AM
Ending enforcement of the US Beneficial Ownership Information (BOI) reporting is a win for the world of tax dodging, kleptocrats, oligarchs, financial secrecy linked to illegal fishing and logging, illegal wildlife trade, minerals and fossil fuels. Other countries need to redouble their efforts.
Reposted by Financial Transparency Coalition
It has been a full year 🗓️ since the ‘Righting the Economy’ book was released by @agendapub.bsky.social -
www.agendapub.com/page/detail/... 📟
Have you read it 🔎? Do you have any reflections or ideas on what should come next? I would love to hear from you!
www.agendapub.com/page/detail/... 📟
Have you read it 🔎? Do you have any reflections or ideas on what should come next? I would love to hear from you!
February 1, 2025 at 8:33 PM
It has been a full year 🗓️ since the ‘Righting the Economy’ book was released by @agendapub.bsky.social -
www.agendapub.com/page/detail/... 📟
Have you read it 🔎? Do you have any reflections or ideas on what should come next? I would love to hear from you!
www.agendapub.com/page/detail/... 📟
Have you read it 🔎? Do you have any reflections or ideas on what should come next? I would love to hear from you!
Reposted by Financial Transparency Coalition
🌍💰 Taxation isn’t just about revenue—it’s about justice.
Our new brief with Shared Planet, WEDO, and @fintrco.bsky.social shows how progressive taxation can be feminist, green & decolonial, breaking silos between tax, climate, human rights & gender justice ⬇️
Our new brief with Shared Planet, WEDO, and @fintrco.bsky.social shows how progressive taxation can be feminist, green & decolonial, breaking silos between tax, climate, human rights & gender justice ⬇️
A progressive, feminist, environmental & decolonial approach to taxation
Our new advocacy brief explores how taxation can be progres
www.cesr.org
February 5, 2025 at 4:12 PM
🌍💰 Taxation isn’t just about revenue—it’s about justice.
Our new brief with Shared Planet, WEDO, and @fintrco.bsky.social shows how progressive taxation can be feminist, green & decolonial, breaking silos between tax, climate, human rights & gender justice ⬇️
Our new brief with Shared Planet, WEDO, and @fintrco.bsky.social shows how progressive taxation can be feminist, green & decolonial, breaking silos between tax, climate, human rights & gender justice ⬇️
Reposted by Financial Transparency Coalition
Was thrilled to work on this with @cesr.bsky.social @fintrco.bsky.social & the best consultant ever, Arimbi! Looking forward to taking it further through collective advocacy at the UN Tax Convention & beyond
🌍💰 Taxation isn’t just about revenue—it’s about justice.
Our new brief with Shared Planet, WEDO, and @fintrco.bsky.social shows how progressive taxation can be feminist, green & decolonial, breaking silos between tax, climate, human rights & gender justice ⬇️
Our new brief with Shared Planet, WEDO, and @fintrco.bsky.social shows how progressive taxation can be feminist, green & decolonial, breaking silos between tax, climate, human rights & gender justice ⬇️
A progressive, feminist, environmental & decolonial approach to taxation
Our new advocacy brief explores how taxation can be progres
www.cesr.org
February 5, 2025 at 5:22 PM
Was thrilled to work on this with @cesr.bsky.social @fintrco.bsky.social & the best consultant ever, Arimbi! Looking forward to taking it further through collective advocacy at the UN Tax Convention & beyond
Reposted by Financial Transparency Coalition
💪 It's time for change. Together, we can demand investment in healthcare, education, and a fair economy that puts people first.
🌟 Join us on this journey to create a better tomorrow. Follow, share, and stay tuned for ways to get involved!
#EndAusterity #FairEconomy #PeopleOverProfits
🌟 Join us on this journey to create a better tomorrow. Follow, share, and stay tuned for ways to get involved!
#EndAusterity #FairEconomy #PeopleOverProfits
January 28, 2025 at 5:59 PM
💪 It's time for change. Together, we can demand investment in healthcare, education, and a fair economy that puts people first.
🌟 Join us on this journey to create a better tomorrow. Follow, share, and stay tuned for ways to get involved!
#EndAusterity #FairEconomy #PeopleOverProfits
🌟 Join us on this journey to create a better tomorrow. Follow, share, and stay tuned for ways to get involved!
#EndAusterity #FairEconomy #PeopleOverProfits
Reposted by Financial Transparency Coalition
🚨 The #EndAusterity campaign is at #EurodadIC2025, pushing for real economic justice! 🌍💰 As global crises intensify, we must challenge austerity & demand policies that put people first. Join the conversation & take action!
January 29, 2025 at 5:11 PM
🚨 The #EndAusterity campaign is at #EurodadIC2025, pushing for real economic justice! 🌍💰 As global crises intensify, we must challenge austerity & demand policies that put people first. Join the conversation & take action!
Reposted by Financial Transparency Coalition
🚨 🛥️ 💸 🧵 Huge new investigation from our friends at @tbij.bsky.social into how sanctioned Russian oligarch Roman Abramovich may have evaded millions in tax through opaque offshore corporate structures and complex accounting practices.
www.thebureauinvestigates.com/stories/2025...
1/5
www.thebureauinvestigates.com/stories/2025...
1/5
Roman Abramovich evaded millions in VAT with fake yacht hire scheme
Billionaire’s agents designed elaborate scheme to fool authorities – then wrote it all out in emails
www.thebureauinvestigates.com
January 28, 2025 at 11:54 AM
🚨 🛥️ 💸 🧵 Huge new investigation from our friends at @tbij.bsky.social into how sanctioned Russian oligarch Roman Abramovich may have evaded millions in tax through opaque offshore corporate structures and complex accounting practices.
www.thebureauinvestigates.com/stories/2025...
1/5
www.thebureauinvestigates.com/stories/2025...
1/5
🔷 Register for online participation: 👉 bit.ly/4hvJrqP
🟠 28 and 29 January, we are participating in the @eurodad International Conference in Barcelona, where we plan for the 4th Financing for Development (#FfD4) Conference this June-July in Sevilla. 1/3
🟠 28 and 29 January, we are participating in the @eurodad International Conference in Barcelona, where we plan for the 4th Financing for Development (#FfD4) Conference this June-July in Sevilla. 1/3
(Online registration) Eurodad International Conference - 2025: A once in a decade opportunity to achieve economic justice
European Network on Debt and Development
bit.ly
January 28, 2025 at 11:29 AM
🔷 Register for online participation: 👉 bit.ly/4hvJrqP
🟠 28 and 29 January, we are participating in the @eurodad International Conference in Barcelona, where we plan for the 4th Financing for Development (#FfD4) Conference this June-July in Sevilla. 1/3
🟠 28 and 29 January, we are participating in the @eurodad International Conference in Barcelona, where we plan for the 4th Financing for Development (#FfD4) Conference this June-July in Sevilla. 1/3
Reposted by Financial Transparency Coalition
Who bought this mansion? We don't know despite requirement for offshore companies with UK properties to declare their ultimate owners. Why? "some companies with UK property obscure their beneficial ownership because they are controlled by trusts based offshore" www.theguardian.com/money/2025/j...
London mansion formerly owned by Saudi royals sells for £139m
The Holme in Regent’s Park, which has 40 bedrooms, was put on the market two years ago for £250m
www.theguardian.com
January 24, 2025 at 4:43 PM
Who bought this mansion? We don't know despite requirement for offshore companies with UK properties to declare their ultimate owners. Why? "some companies with UK property obscure their beneficial ownership because they are controlled by trusts based offshore" www.theguardian.com/money/2025/j...
Reposted by Financial Transparency Coalition
Clamour builds in France for action on the private speculation in healthcare -- press coverage of CICTAR and @cfdt-sante-sociaux.bsky.social's latest report. La santé n'est pas à vendre !
cictar.org/news/ramsay-sant-revelations-find-echo-in-french-press
cictar.org/news/ramsay-sant-revelations-find-echo-in-french-press
Ramsay Santé revelations find echo in French press — Centre for International Corporate Tax Accountability and Research
CICTAR’s latest report, co-authored with French union CFDT Santé-Sociaux , reveals how real-estate speculators are extracting €2.5 bn annually from the French health system. Mike Lewis, CICTAR rese...
cictar.org
January 24, 2025 at 12:17 PM
Clamour builds in France for action on the private speculation in healthcare -- press coverage of CICTAR and @cfdt-sante-sociaux.bsky.social's latest report. La santé n'est pas à vendre !
cictar.org/news/ramsay-sant-revelations-find-echo-in-french-press
cictar.org/news/ramsay-sant-revelations-find-echo-in-french-press
Reposted by Financial Transparency Coalition
Extreme wealth is extreme control. Never has this been so clear. Well we don’t have to settle for it. In our letter to Davos leaders, 370+ millionaires & billionaires say we must draw the line. Protect ppl, planet, & democracy: rein in extreme wealth & tax us, the super rich.
Influence of super rich on Donald Trump threatens democracy, say Patriotic Millionaires
Influence of super rich on Donald Trump threatens democracy, say Patriotic Millionaires
Pro-tax group tell world leaders that ‘wealth extremism’ is damaging trust in media and influencing legal systems
The influence of the super rich on Donald Trump’s presidency is a threat to global stability, a new poll of millionaires has found.
A…
www.theguardian.com
January 22, 2025 at 6:08 AM
Extreme wealth is extreme control. Never has this been so clear. Well we don’t have to settle for it. In our letter to Davos leaders, 370+ millionaires & billionaires say we must draw the line. Protect ppl, planet, & democracy: rein in extreme wealth & tax us, the super rich.
Reposted by Financial Transparency Coalition
The last hope for multilateralism in the field of international tax is the UN. Europe must align with the Global South against the protofascist US government now. And just to clarify: Also under the Biden administration there has never been a decision by the US to introduce the OECD minimum tax. /1
“Trump hasn’t just killed the OECD’s weak tax reforms, he’s effectively threatening to scrap everything built over the last century and to take the world back to ‘robber baron’-era tax policies."
Fantastic analysis from @taxjusticenet.bsky.social taxjustice.net/press/trump-...
Fantastic analysis from @taxjusticenet.bsky.social taxjustice.net/press/trump-...
Trump demands countries surrender tax sovereignty at economic gunpoint | Tax Justice Network
US President Donald Trump has signalled plans to question the right of any country to tax American multinational corporations and is threatening to take countermeasures against countries that do not, ...
taxjustice.net
January 22, 2025 at 10:46 AM
The last hope for multilateralism in the field of international tax is the UN. Europe must align with the Global South against the protofascist US government now. And just to clarify: Also under the Biden administration there has never been a decision by the US to introduce the OECD minimum tax. /1
Reposted by Financial Transparency Coalition
Property speculators extract €2.5 bn annually from the French health and care system, finds the new report from CICTAR and
@cfdt-sante-sociaux.bsky.social
That's enough to pay for the salaries of over 82,000 nurses
🤯Read the findings at cictar.org/all-research...
@cfdt-sante-sociaux.bsky.social
That's enough to pay for the salaries of over 82,000 nurses
🤯Read the findings at cictar.org/all-research...
Property Speculators Extract €2.5 bn Annually From the French Health and Social Care System — Centre for International Corporate Tax Accountability and Research
CFDT Santé-Sociaux and the Centre for International Corporate Tax Accountability and Research launch a new study of private hospital giant Ramsay Santé revealing loss-making hospitals while profits are booked in other companies as rents and sales commissions
cictar.org
January 21, 2025 at 11:54 AM
Property speculators extract €2.5 bn annually from the French health and care system, finds the new report from CICTAR and
@cfdt-sante-sociaux.bsky.social
That's enough to pay for the salaries of over 82,000 nurses
🤯Read the findings at cictar.org/all-research...
@cfdt-sante-sociaux.bsky.social
That's enough to pay for the salaries of over 82,000 nurses
🤯Read the findings at cictar.org/all-research...
Reposted by Financial Transparency Coalition
While many struggle to make ends meet, the wealth of the super-rich has soared. It doesn’t have to be this way. There’s another way—one that prioritises fairness, sustainability, and equality. It starts with making those at the top pay their fair share.
Find out more ➡️ bit.ly/40FunBq #Davos
Find out more ➡️ bit.ly/40FunBq #Davos
January 20, 2025 at 9:28 AM
While many struggle to make ends meet, the wealth of the super-rich has soared. It doesn’t have to be this way. There’s another way—one that prioritises fairness, sustainability, and equality. It starts with making those at the top pay their fair share.
Find out more ➡️ bit.ly/40FunBq #Davos
Find out more ➡️ bit.ly/40FunBq #Davos
Reposted by Financial Transparency Coalition
The British Virgin Islands has announced a public consultation on introducing legitimate interest access to its beneficial ownership register.
Submissions due by 28 February
bvi.gov.vg/media-centre...
Submissions due by 28 February
bvi.gov.vg/media-centre...
BVI launches Consultation on the Rights of Access to Beneficial Ownership Register | Government of the Virgin Islands
bvi.gov.vg
January 17, 2025 at 8:57 PM
The British Virgin Islands has announced a public consultation on introducing legitimate interest access to its beneficial ownership register.
Submissions due by 28 February
bvi.gov.vg/media-centre...
Submissions due by 28 February
bvi.gov.vg/media-centre...