A global coalition of civil society organizations and governments working to address inequalities in the financial system that penalize billions of people.
The Coalition advocates five core recommendations to improve transparency and accountability:
1 Curtailment of mispricing in trade imports and exports – this includes both abusive transfer pricing between multinational enterprises and intentionally mispriced transactions between unrelated parties;
2 Country-by-country accounting of sales, profits, and taxes paid by multinational corporations;
3 Transparency of beneficial ownership of corporations and trusts;
4 Automatic cross-border exchange of tax information on personal and business accounts; and
5 Harmonization of predicate offenses under anti-money laundering laws across all Financial Action Task Force cooperating countries.