Financial Transparency Coalition

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...

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

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...

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...

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

🚨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.

@jasonward-cictar.bsky.social from @cictar.bsky.social: "There is nothing ethical or fair about Starbucks Swiss Scheme. This appears to be tax dodging plain and simple and steals money needed to fund public services, including those needed by its underpaid US baristas to make ends meet." #IFFs

When questioned about the mark-up being raised from 3% to 18% in 2011, Starbucks claimed that the cost increase was justified by its ‘ethical’ sourcing program but provided no credible evidence of any increase in costs of running the program, let alone a 15% increase. #transferpricing

The report then evidences this tax-related Illicit Financial Flow (IFF), and estimates least $1.3 billion has been diverted via Starbucks’ Swiss subsidiary over the last decade in what they call an instance of major tax avoidance. #taxjustice #taxabuses #taxavoidance #tradeintegrity

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...

@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

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...

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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.

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.

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.

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!

A progressive, feminist, environmental & decolonial approach to taxation Our new advocacy brief explores how taxation can be progres

🌍💰 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 ⬇️

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

💪 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

🚨 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!

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

🚨 🛥️ 💸 🧵 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...
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The success at #Ffd4 depends on a narrative on the importance of public financing and tackling illicit financial flows. We hope to see language on ending secretive ownership of companies, assets and opening up corporate tax secrecy to the public so we can tackle tax abuses and IFFs #EurodadIC25 3/3

FfD4 is a unique opportunity to strengthen care financing, climate financing, and wider fiscal revolution as there is enough money for the realisation of human rights and environmental sustainability, and we don't need to than rely on private for profit of debt creating financing. 2/3

(Online registration) Eurodad International Conference - 2025: A once in a decade opportunity to achieve economic justice European Network on Debt and Development

🔷 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

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

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...

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...

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

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.

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

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

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...

Green background with line graph spiking up and images of planes and yachts dotted around. Text reads, "Billionaire wealth soared three times faster in 2024. World now on track for at least five trillionaires within a decade".

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

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...