Task Force on Financial Integrity and Economic Development
Encyclopedia
The Task Force on Financial Integrity and Economic Development is a unique global coalition of civil society organizations and more than 50 governments working together to address inequalities in the financial system that penalize billions of people. Launched by Global Financial Integrity
in January 2009, the Task Force advocates for greatly improved transparency and accountability in the global financial system.
, Eurodad
, Global Financial Integrity
, Global Witness
, Tax Justice Network
, Tax Research UK, Transparency International
, and the Leading Group on Innovative Financing for Development
, which represents the following countries:
Additionally the Task Force is supported by a Partnership Panel of Governments and Foundations. The Partnership Panel includes:
laws – each one focusing on transparency.
and the Government of Spain.
Global Financial Integrity
Global Financial Integrity is a non-profit, research and advocacy organization located in Washington, DC. GFI advocates and conducts research on national and multilateral policies, safeguards, and agreements aimed at curtailing illicit financial flows and enhancing global development and security...
in January 2009, the Task Force advocates for greatly improved transparency and accountability in the global financial system.
Membership
The members of its coordinating committee – the committee responsible for its operations – are Christian AidChristian Aid
Christian Aid is the official relief and development agency of 40 British and Irish churches and works to support sustainable development, alleviate poverty, support civil society and provide disaster relief in South America, the Caribbean, the Middle East, Africa and Asia...
, Eurodad
Eurodad
Eurodad is a network of 58 non-governmental organisations from 19 European countries. Eurodad and its members make up a network, this network researches and works on issues that are related to debt, development finance and poverty reduction.Recently this network has focussed on issues such as...
, Global Financial Integrity
Global Financial Integrity
Global Financial Integrity is a non-profit, research and advocacy organization located in Washington, DC. GFI advocates and conducts research on national and multilateral policies, safeguards, and agreements aimed at curtailing illicit financial flows and enhancing global development and security...
, Global Witness
Global Witness
Global Witness is an international NGO established in 1993 that works to break the links between natural resource exploitation, conflict, poverty, corruption, and human rights abuses worldwide. The organisation has offices in London and Washington, D.C.. Global Witness states that it does not have...
, Tax Justice Network
Tax Justice Network
The Tax Justice Network is a coalition of researchers and activists with a shared concern about what they argue are the harmful impacts of tax avoidance, tax competition and tax havens, which "corrupt national tax regimes and onshore regulation, and distort markets by rewarding economic...
, Tax Research UK, Transparency International
Transparency International
Transparency International is a non-governmental organization that monitors and publicizes corporate and political corruption in international development. It publishes an annual Corruption Perceptions Index, a comparative listing of corruption worldwide...
, and the Leading Group on Innovative Financing for Development
Leading Group on Innovative Financing for Development
The Leading Group on Innovative Financing for Development is a global platform made up of 55 member countries with differing levels of development, operating alongside international organisations and NGOs...
, which represents the following countries:
Algeria, Bangladesh, Belgium, Benin, Brazil, Burkina Faso, Cambodia, Cameroon, Cape Verde, Central African Republic, Chile, Congo, Cote d’Ivoire, Cyprus, Djibouti, Ethiopia, European Commission, Finland, France, Gabon, Germany, Great Britain, Guatemala, Guinea, Haiti, India, Italy, Japan, Jordan, Lebanon, Liberia, Luxembourg, Madagascar, Mali, Mauritania, Mauritius, Mexico, Morocco, Mozambique, Namibia, Nicaragua, Niger, Nigeria, Poland, Romania, Sao Tome and Principe, Saudi Arabia, Senegal, Sierra Leone, South Africa, South Korea, Spain, Togo, and Uruguay with Austria, China and Egypt serving as Observer Countries.
Additionally the Task Force is supported by a Partnership Panel of Governments and Foundations. The Partnership Panel includes:
- Canadian International Development AgencyCanadian International Development AgencyThe Canadian International Development Agency was formed in 1968 by the Canadian government. CIDA administers foreign aid programs in developing countries, and operates in partnership with other Canadian organizations in the public and private sectors as well as other international organizations...
- Ford FoundationFord FoundationThe Ford Foundation is a private foundation incorporated in Michigan and based in New York City created to fund programs that were chartered in 1936 by Edsel Ford and Henry Ford....
- Government of Chile
- Government of DenmarkGovernment of DenmarkDenmark is a constitutional monarchy with a representative democracy based on a unicameral parliamentary system. The affairs of Government are decided by a Cabinet of Ministers, which is led by a Prime Minister...
- Government of FranceGovernment of FranceThe government of the French Republic is a semi-presidential system determined by the French Constitution of the fifth Republic. The nation declares itself to be an "indivisible, secular, democratic, and social Republic"...
- Government of Germany
- Government of Greece
- Government of the NetherlandsCabinet of the NetherlandsThe cabinet of the Netherlands is the main executive body of the Dutch government. The current cabinet of the Netherlands is the Rutte cabinet.-Composition and role:...
- Government of Norway
- Government of Spain
Policy
The Task Force advocates five policy recommendations – curtailment of mispricing in trade imports and exports; country-by-country accounting of sales, profits, and taxes paid by multinational corporations; confirmation of beneficial ownership in all banking and securities accounts; automatic cross-border exchange of tax information; and harmonization of predicate offenses under anti-money launderingMoney laundering
Money laundering is the process of disguising illegal sources of money so that it looks like it came from legal sources. The methods by which money may be laundered are varied and can range in sophistication. Many regulatory and governmental authorities quote estimates each year for the amount...
laws – each one focusing on transparency.
Funding
According to its website, the Task Force is funded by the Norwegian Agency for Development CooperationNorwegian Agency for Development Cooperation
The Norwegian Agency for Development Cooperation is a directorate under the Norwegian Ministry of Foreign Affairs. Its task is to ensure effective foreign aid, with quality assurance and evaluation. NORAD both finances NGOs, and does its own research and projects. The current director general is...
and the Government of Spain.