Financial Transparency Coalition

BRUSSELS—In another move that places Europe at the forefront of the financial transparency wave, the Legal Affairs (JURI) Committee of European Parliament voted in favor of a Shareholders Rights Directive that includes a requirement for multinational corporations (MNCs) to publicly report financial information on a country by country level.

The OECD, the club of rich countries that dominates international tax, is running a project known as Base Erosion and Profit Shifting (BEPS) which is supposed to fix some of the gaping holes in the international tax system. As we all know, transnational corporations (TNCs) are running rings around even the best-resourced tax authorities, and

African leaders made a strong declaration on the importance of curbing illicit financial flows when they endorsed a new report on the problem at the African Union Summit in January. The report, produced by the Mbeki High Level Panel on Illicit Financial Flows from Africa, estimated that Africa was losing between $50 billion and $150

Yesterday, the Federation of European Accountants (FEE), a group that represents 47 institutes from more than 36 European countries, held their fourth annual tax day at the European Parliament in Brussels. As a part of their vast program for the day, the FEE released a publication taking a look at tax and transparency policies and what the future