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With “Bahamas Leaks”, walls of financial secrecy take another hit
September 21st, 2016
PRESS RELEASE Latest revelations further the case for public registers of the real owners of companies In a late-day release, the International Consortium of Investigative Journalists have published a new set of leaked documents that only embolden the growing number of voices calling for increased transparency in the financial system. The documents, dubbed ‘Bahamas Leaks’,
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UK furthers transparency of multinational corporations
September 6th, 2016
PRESS RELEASE Amended UK Finance bill gives government power to publish details of tax payments by multinational corporations On Monday, the UK government agreed to an amendment to the Finance Bill that would enable the UK tax authority, HMRC, to publish country by country financial reports of UK-headquartered multinational corporations. Country by country reports show
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In the wake of Brexit, EU to boost transparency of companies and trusts
July 5th, 2016
PRESS RELEASE Amid ongoing Panama Papers fallout, Commission recommends that company beneficial ownership registers be available to general public As most vocal opponent of increased transparency of trusts votes to leave EU, Commission clamps down on hidden ownership of trusts, but stops short of what’s needed BRUSSELS—Today, the European Commission took a much needed step
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