Financial Transparency Coalition

U.S. aims to track 'untraceable' prepaid cash cards MSNBC, September 1, 2011 UK Announces First Bribery Act Charges Wall Street Journal, August 31, 2011 UAE begins enforcing cash declaration law Emirates 24/7, September 1, 2011 Transnational Organized Crime and Mass-Marketing Fraud: A Call for a Swift and Collaborated Response Brookings Institution, August 31, 2011 PFI shareholders are using tax havens, MPs find AccountancyAge, September 1, 2011

Eurodad's Alex Marriage Details How a Robust Country-by-Country Reporting Standard Should Look The European Commission will make a proposal for introducing country-by-country reporting (CBC) for extractives industries and possibly forestry companies at some point this autumn. This comes following an EU Council request earlier in 2011 that called upon

“the Commission to come forward with initiatives on the disclosure of financial information by companies working in the extractive industry, including the possible adoption of a country-by-country reporting requirement, International Financial Reporting Standards (IFRS) for the extractive industry, and the monitoring of third-country legislation.”

This will then be submitted to...

Some companies pay their CEOs more than Uncle Sam, study says Washington Post, August 31, 2011 Uganda: URA Studying Transfer Pricing Regulations AllAfrica.com, August 30, 2011 U.S. Probes Oracle Dealings Wall Street Journal, August 31, 2011 Junkets ‘encourage money laundering’: Wiki cables Macau Daily Times, August 30, 2011 World Bank Should Refocus Its Anti-Corruption Fight, Audit Says Bloomberg, August 31, 2011

Companies often act charitably for reasons of self-interest. Most often they donate to charities for the public-image benefit. The perfect example is Product(Red), which has partnered with major corporations including American Express, Gap, Converse, Starbucks, Apple, Dell and Hallmark. These companies donate a portion of their profits from their sales of RED products to the Global Fund. In return they get a feeling of accomplishment and satisfaction for their good deed. Or…they get a lot of good press, which (hopefully, for them at least) translates into a bigger bottom line. In fact, as theories go, the evidence supports the latter...