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Financial Transparency Coalition

@fintrco.bsky.social
272 followers 216 following 27 posts

Financial Transparency Coalition is a global CSO coalition working for a more transparent financial system, that reduces Illicit Financial Flows that harm human rights, the environment and sustainable development. financialtransparency.org

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Reposted by Financial Transparency Coalition
Patriotic Millionaires @patrioticmillionaires.org · 18/06/2026
We believe there is nothing stopping America. We put a man on the moon. We were the first to fly. Heck, we even invented the chocolate chip cookie. 🍪 So there’s no reason why we can’t pull ourselves together and pass The MONEY Agenda: patrioticmillionaires.org/perspectives...
patrioticmillionaires.org
A Closer Look: The path to our first trillionaire started 250 years ago
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Climate Action Network (CAN) Europe @caneurope.org · 17/06/2026
💰Oil and gas companies are cashing in. Meanwhile, people struggle to pay their energy bills. 💡The solution? A permanent additional tax on the colossal profits of these companies. ✅Let’s #TaxFossilFuelProfits✍️ Sign the petition now: act.350.org/sign/tell-eu...
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Financial Transparency Coalition @fintrco.bsky.social · 16/06/2026
Great Book! Don't miss how financial secrecy is fuelling the rise of oligarchy in the USA and the rest of the world!
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Casey Michel @cjcmichel.bsky.social · 08/06/2026
Honored to have an excerpt from my new book as the cover story for the next issue of @motherjones.com. Make sure to get a copy of the magazine on newsstands—and make sure to pre-order a copy of UNITED STATES OF OLIGARCHY now!
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Financial Transparency Coalition @fintrco.bsky.social · 12/06/2026
This is a soft-launch of the FTC 2026-2030 strategy, aiming to build a Global Charter for Financial Transparency, and how financial transparency to end #IllicitFinancialFlows in natural resources, promoting #ProgressiveTaxation and #TaxJustice for care systems, and building a #RightsBasedEconomy.
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Financial Transparency Coalition @fintrco.bsky.social · 12/06/2026
EVENT: Ending the Era of Secrecy, 16/6, 1pm UTC, please join Prof. Attiya Waris, Marcella Favretto from OHCHR, @chenaimukumba.bsky.social from Tax Justice Network Africa, Adrian Falco from @latindadd.bsky.social, @mattikohonen.bsky.social, and @drmariannaleite.bsky.social, Register shorturl.at/QjsTL
shorturl.at
SOFT LAUNCH PANEL: Financial Transparency Coalition’s 2026-2030 Strategy
Join us online for the SOFT LAUNCH PANEL to dive into the Financial Transparency Coalition’s 2026-2030 game plan!
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Financial Transparency Coalition @fintrco.bsky.social · 12/06/2026
This is a soft-launch of the FTC 2026-2030 strategy, aiming to build a Global Charter for Financial Transparency, and how it enables ending #IllicitFinancialFlows in natural resources, promoting #ProgressiveTaxation and #TaxJustice for care systems, and in building a #RightsBasedEconomy.
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Financial Transparency Coalition @fintrco.bsky.social · 08/06/2026
Today is World Oceans Day, but 16.7% of vessel beneficial owners linked to Illegal, Unreported, and Unregulated (IUU), and a fifth of owners linked to forced labour were found. shorturl.at/lY29n This should be 100% to protect our oceans.💙 #WorldOceanDay #BeneficialOwnership #FinancialTransparency
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Financial Transparency Coalition @fintrco.bsky.social · 14/03/2025
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
rb.gy
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...
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Jason Ward @jasonward-cictar.bsky.social · 13/03/2025
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...
law360.com
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...
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Tax Justice Network @taxjustice.net · 12/03/2025
🚨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...
taxjustice.net
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
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Financial Transparency Coalition @fintrco.bsky.social · 14/03/2025
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.
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Financial Transparency Coalition @fintrco.bsky.social · 13/03/2025
@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
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Financial Transparency Coalition @fintrco.bsky.social · 13/03/2025
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
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Financial Transparency Coalition @fintrco.bsky.social · 13/03/2025
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
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Financial Transparency Coalition @fintrco.bsky.social · 13/03/2025
@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
rb.gy
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...
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Center for International Environmental Law @ciel.org · 10/03/2025
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... A 🧵👇
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Financial Transparency Coalition @fintrco.bsky.social · 06/03/2025
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.
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Financial Transparency Coalition @fintrco.bsky.social · 04/03/2025
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.
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Reposted by Financial Transparency Coalition
Max Kennerly @maxkennerly.bsky.social · 03/03/2025
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.
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Matti Kohonen @mattikohonen.bsky.social · 04/03/2025
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.
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Financial Transparency Coalition @fintrco.bsky.social · 04/03/2025
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.
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Dr Marianna Leite @drmariannaleite.bsky.social · 01/02/2025
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!
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Center for Economic and Social Rights @cesr.bsky.social · 05/02/2025
🌍💰 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 ⬇️
cesr.org
A progressive, feminist, environmental & decolonial approach to taxation
Our new advocacy brief explores how taxation can be progres
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Katie Tobin @katietobin.bsky.social · 05/02/2025
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
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End Austerity Campaign @endausterity.bsky.social · 28/01/2025
💪 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
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End Austerity Campaign @endausterity.bsky.social · 29/01/2025
🚨 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!
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UK Anti-Corruption Coalition @ukanticorruptioncoalition.org · 28/01/2025
🚨 🛥️ 💸 🧵 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... 1/5
thebureauinvestigates.com
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
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Financial Transparency Coalition @fintrco.bsky.social · 28/01/2025
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
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Financial Transparency Coalition @fintrco.bsky.social · 28/01/2025
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
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Financial Transparency Coalition @fintrco.bsky.social · 28/01/2025
🔷 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
bit.ly
(Online registration) Eurodad International Conference - 2025: A once in a decade opportunity to achieve economic justice
European Network on Debt and Development
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Naomi Fowler @naomifowler.bsky.social · 24/01/2025
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...
theguardian.com
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
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cictar.bsky.social @cictar.bsky.social · 24/01/2025
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
cictar.org
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...
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Patriotic Millionaires UK @patmillsuk.bsky.social · 22/01/2025
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.
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Dominik Gross 🌍 @domigross.bsky.social · 22/01/2025
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
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cictar.bsky.social @cictar.bsky.social · 21/01/2025
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...
cictar.org
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
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Oxfam GB @oxfamgb.bsky.social · 20/01/2025
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
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".
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Stephen Abbott Pugh @stephenabbottpugh.bsky.social · 17/01/2025
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...
bvi.gov.vg
BVI launches Consultation on the Rights of Access to Beneficial Ownership Register | Government of the Virgin Islands
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Transparency International UK @transparencyuk.bsky.social · 02/12/2024
✨ OUT NOW ✨ We reveal almost £1 in every £10 of political donations comes from ‘unknown or questionable sources’. That's we need tighter spending rules to shine a light on dark money and hold those who abuse the system accountable. Find out more ⤵️ transparency.org.uk/report-new-r...
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Oliver Bullough @oliverbullough.bsky.social · 13/01/2025
In the old days (when I still used twitter), I had a weekly newsletter called Oligarchy, in which I looked at what was happening in the world of financial skulduggery. I took a break to write a book, but it's back this week! Sign up this week if you'd like to get it. www.codastory.com/newsletters/
codastory.com
Newsletters - Coda Story
Coda’s newsletters are designed to help you uncover the complex ways that today’s pressing issues are interconnected, so you can make sense of the world.
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Anton Gerashchenko @antongerashchenko.bsky.social · 14/01/2025
At least 65 oil tankers dropped anchor after the new US sanctions package -Reuters Five of them were off Chinese ports,7 more dropped anchor near Singapore,while others halted in the Baltic Sea and the Far East. Around 10% of the global oil tanker fleet is now subject to US sanctions reuters.com/
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Naomi Fowler @naomifowler.bsky.social · 14/01/2025
Amazing the efforts to try to stop the registering of info on real owners of companies in the US. It was supposed to start in January. It's been paused, unpaused & now paused again, details in @oliverbullough.bsky.social's Oligarchy newsletter, you can subscribe here www.codastory.com/newsletters/
codastory.com
Newsletters - Coda Story
Coda’s newsletters are designed to help you uncover the complex ways that today’s pressing issues are interconnected, so you can make sense of the world.
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Financial Transparency Coalition @fintrco.bsky.social · 15/01/2025
Shell companies enable the Russian 'dark fleet' of oil tankers. Eagle S, that alledgedly damaged a sea cable off the coast of Estonia and Finland, is owned via Dubai based shell company, where tracing its beneficial owners is impossible, address given as a luxury hotel, see: tinyurl.com/2fbmmtv3
lloydslist.com
Finland police seize Russian-linked dark fleet tanker Eagle S in cable-cutting investigation
Cook Islands tanker suspected of damaging Estlink 2 cable and possible other damage by police investigating aggravated vandalism on the undersea infrastructure 
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Financial Transparency Coalition @fintrco.bsky.social · 20/12/2024
It's ultimately public access that we'd want, but legitimate access would be a step in the right direction so that we can hold companies, wealth people and asset holders accountable and trace where they got their wealth and assets, how they're transferred and how they're used.
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Transparency International @anticorruption.bsky.social · 18/12/2024
Instead of building schools and hospitals, billions in public funds from Africa vanish into offshore accounts, luxury real estate and shell companies. We have analysed 78 cases, revealing where stolen funds end up. Check it out! ⬇️ buff.ly/3BoJPZ0
buff.ly
Dirty money’s hiding spots: How corruption funds disappear overseas -…
How dirty money disappears overseas and corruption-linked African assets are hidden in wealthy nations
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Financial Transparency Coalition @fintrco.bsky.social · 18/12/2024
A great tool for people wanting to follow the money!
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Tax Justice Network @taxjustice.net · 17/12/2024
In our newest episode of the Tax Justice Minute, Sergio Chaparro-Hernandez urges nations worldwide to support the upcoming budget approval ahead of next week’s critical vote at the UN General Assembly's Fifth Committee. #TaxJusticeMinute #UNTaxConvention youtube.com/shorts/ji0Ll...
youtube.com
Tax Justice Minute: Sergio Chaparro-Hernandez urges nations to support the budget approval at UNTC.
YouTube video by Tax Justice Network
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Sylvia @sylvia-suffragette.bsky.social · 15/12/2024
And lets look at Benefit fraud compared to tax avoidance. If there was this (imaginary) black hole why aren’t they concentrating on getting people, corporations to pay tax? We all know who the tax dodgers are
Graph showing tax avoidance compared to benefit fraud
Large red circle = tax avoided) £120bn (tax justice estimate)
Blue circle = tax avoid £30bn (HMRC)
Light blue circle = benfits unclaimed £16bn
Small green dot = benefit overpayments due to error £1.4bn
Small yellow dot = benefit fraud £1.2bn
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Isabella M. Weber @isabellamweber.bsky.social · 12/12/2024
NEW PAPER: The 2022 fossil fuel price jumps caused an oil and gas profit explosion. We show the US reaped the largest profit increase (USD 275bn) of any country. Big Oil claims this benefits the American people. In fact, 51% went to the richest 1%, only 1% to the bottom 50%. A 🧵
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Financial Transparency Coalition @fintrco.bsky.social · 11/12/2024
This is huge! Australia sets a model for public CbC reporting, and follows the Global Reporting Initiative (GRI) model that provides more useful information, and is better equipped for comparative analysis than the more limited EU standard, or MNC own reporting models.
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