Financial Transparency Coalition

The SEC announced that it will vote on key transparency rules from Dodd-Frank Section 1504 in August.

Transparency International Chair Huguette Labelle wrote a great article in The Huffington Post today. As the G20 meets in Los Cabos, Mexico today, world leaders will try and solve global issues. Financial transparency has always been on the agenda, but world leaders have at times struggled to act.

Corporate America, in part through the now-dissolved WIN America Campaign, has spent a good portion of the last few years lobbying for a tax holiday. They would like Congress to allow them to repatriate deferred tax dollars that are sitting offshore and pay a very low tax rate, instead of the 35% that they owe. U.S. companies are allowed to wait to pay taxes on "foreign" income until they bring the money back into the United States. I put the word foreign in quotes because we know that "foreign" income is often just the result of abusive transfer pricing,...

The Department of Good News brought us a great story today. The Thomas Reuters Foundation - who, among other things, run the good governance, non-profit journalism outlet TrustLaw - has hired Stella Dawson to fill their new position of Special Corruption Correspondent. From the foundations' press release: