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Can the Vatican Bank be a Moral Leader in Transparency?
July 17th, 2014
In its list of Most Influential People this year, TIME magazine called Pope Francis a “moral leader in word and deed.” In the commentary on this accolade, President Obama said this of the pope: “His Holiness has moved us with his message of inclusion, especially for the poor, the marginalized and the outcast. But it
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New Thomson Reuters Foundation Media Program to Investigate Illicit Finance, Tax Abuse
July 17th, 2014
6198428500_15e8067a95_zAre you an ambitious journalist in Africa with an interest in probing illicit finance, money laundering, and tax related abuses? Or, perhaps, you represent an outstanding, independent media organization based in Africa with a desire and reputation for exposing financial crime and corruption? Either way, the Thomson Reuters Foundation is launching a new three-year program assisting African media on the reporting of illicit finance and tax abuse, and they are hoping that you will apply.
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Why Did the Chicken Cross the Channel? To get to a tax haven
July 16th, 2014
Last week, the International Consortium of Investigative Journalists (ICIJ) announced that it had received troves of data on a number of wealthy UK individuals that held money in an offshore bank in the Channel Isles, a British crown dependency and well known tax haven. The ICIJ, along with The Guardian newspaper, dissected the documents, and released a number of stories outlining some of their findings. One of the more interesting tax arrangements uncovered seems to be that of the owners of Nando's, the worldwide restaurant chain famous for its chicken dishes.
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Transparent company ownership: how does the UK government’s proposed action live up to its rhetoric?
July 16th, 2014
7508035710_8c9a4ab55b_zLate last year, David Cameron announced that the UK would put the names of the people who own and control British companies into the public domain – something that we at Global Witness have long been campaigning for, alongside other NGOs such as ONE and Christian Aid. Such transparency is important because it’s well known that people who want to hide dirty money use the anonymity provided by companies to do so. There are plenty of examples of British companies being abused in this way.
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