Formation 2013 (2013) | ||
Predecessor Task Force on Financial Integrity and Economic Development Type Task Force made up of Coalition of NGOs and Governments Purpose Stem illicit financial flows Location Washington, D.C., United States Website www.financialtransparency.org | ||
The Financial Transparency Coalition is a group that brings together civil society and governments around the world to stem illicit financial flows that are costing developing countries nearly a trillion dollars each year. The Coalition was formerly known as the Task Force on Financial Integrity and Economic Development.
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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, 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:
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.