Snowden receives “Whistleblower Prize” in Germany

W-T-W says thank you to Transparency.de

Snowden receives Whistleblower Prize in Germany

The man who leaked documents revealing the extent of US surveillance of electronic media, Edward Snowden, has been awarded the German “Whistleblower Prize” in absentia. He remains on the run in Moscow.

The award goes to people who “reveal grave abuses and dangerous developments for people and society, democracy, peace and the environment in the public interest,” watchdog Transparency International said on its website.

Most of Europe has no whistleblower protection

More about on our German side
Inkaufnahme von Verfolgung, Mobbing und der erheblicher Risiken durch den Whistleblower („risking retaliation“) muss durch Bürger geehrt werden.

W-T-W Honor Roll

How can women fight against corruption?
If you see something say something?

Designed Doaa Eladl @wtwfinance

Designed Doaa Eladl
@wtwfinance

 

 

Two continents two perspectives

Who has the best and largest bank ?

ICBC Honored “2013 Best Bank in China” by Finance Asia

The FinanceAsia magazine recently announced the winners of its 2013 Country Awards. ICBC was named “Best Bank in China” for the sixth year since nominated for the ranking. ICBC won the title primarily credited to its good performance, consistent reform and innovation as well as solid market position.

Wells Fargo deposes China’s ICBC as world’s biggest bank

Wells Fargo Ousts ICBC as World’s Biggest Bank. Wells Fargo & Co. of the United States is now worth $236 billion, according to the New York Stock Exchange, where it is listed, while Chinese figures show ICBC’s value has fallen to around $223 billion.

As the US economy recovered after the crisis, the rebound of the real estate sector supported the recovery of Wells Fargo.

Reduced expectations for China’s economic growth and a cash crunch that hammered the nation’s financial sector this spring—along with signs that the U.S. economy is recovering and the end of ultralow interest rates may be in the offing—have shifted those perceptions again. A long-awaited rally in U.S. bank shares has lifted the value of companies such as San Francisco-based Wells Fargo and J.P. Morgan Chase JPM -0.28% & Co. of New York…Two continents two perspectivesWells Fargo has held its spot as the worlds biggest bank  

G-20 ENDORSES THE FIGHT AGAINST TAX EVASION.

Communiqué
Meeting of Finance Ministers and Central Bank Governors
Moscow, 19-20 July 2013

The G-20 reiterated its commitment to FATF’s work in fighting money laundering and terrorism financing and its key contribution into tackling other crimes such as tax crimes, corruption, terrorism, and drug trafficking like many times before. The empty phrase is masking that fact that no progress was made. A delegate said that the anti-money laundering item met opposition “from a country which is a member of G-20, but not a member of FATF.” The only country to meet this description is Saudi Arabia, according to the Financial Action Task Force (FATF).G20 Communique

G-20 ENDORSES THE FIGHT AGAINST TAX EVASION.

OECD REPORT WARNS OF GLOBAL TAX CHAOS

 The Organisation for Economic Co-operation and Development (OECD)

International tax system cannot deal with mobile multinational firms that shift profits to low-tax countries, says OECD. Governments risk “global tax chaos” as they chase dwindling revenues from multinational companies unless the international tax regime is radically overhauled, according to a report commissioned by the G20 group of nations.

The report warns that “inaction in this area would likely result in some governments losing corporate tax revenue, the emergence of competing sets of international standards and the replacement of the current consensus-based framework by unilateral measures which could lead to global tax chaos”. That in turn could see the large-scale re-emergence of double taxation, where two countries seek to tax the same corporate income…
OECD Action Plan

Base Erosion and Profit Shifting – Multimedia
Centre for Tax Policy and Administration
>> OECD Secretary-General Gurria discusses the G8
and its pledges to reform corporate tax rules…Video OECD