| Predecessor | Task Force on Financial Integrity and Economic Development |
|---|---|
| Formation | 2013 |
| Type | Task Force made up of Coalition of NGOs and Governments |
| Purpose | Stem illicit financial flows |
| Location |
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| Website | www |
The Financial Transparency Coalition is a group that brings together civil society and governments around the world to stem illicit financial flows [1] that are costing developing countries nearly a trillion dollars [2] each year. The Coalition was formerly known as the Task Force on Financial Integrity and Economic Development. [3]
According to its website, the members of the coordinating committee responsible for its operations are Centre for Budget and Governance Accountability, Christian Aid, Eurodad, Fundación SES Archived 2019-12-23 at the Wayback Machine , 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: [4]
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. [5]