Financial Transparency Coalition

Many experts have called Kenya, Uganda, and Tanzania the “next frontier” of gas and oil production. In fact, these reserves have the potential to turn these nations’ economies from “mixed” to “success” stories. One large impediment to this possibility, however, is trade misinvoicing, which occurs on a massive scale. It I so serious that this problem threatens their governments’ ability to capitalize on the potential gains associated with the discovery of oil and gas. The discovery of oil in Kenya and Uganda, and gas in Tanzania has thrust each of these nations into the world’s energy spotlight. In 2006 Uganda...

Britain’s credibility as a global leader in the fight to end corruption is under real threat.  Its fate lies in the hands of the Governor of a sunny, palm-fringed Caribbean island who was appointed by the UK itself. Last year, as chair of the G8, the UK committed to creating public registries of the real owners of companies. This was a hugely important move by the UK and one we support wholeheartedly. With global support, such a measure could put a stop to some of the worst problems of our time;...

13 May 2014 - The secrecy surrounding thousands of subsidiaries created in tax havens by leading UK companies has created a black hole at the heart of the FTSE100, a new Christian Aid report warns today. FTSEcrecy reveals an information void which threatens investors, customers and government regulators, because it leaves them without the facts they need to make good decisions about FTSE100 companies.

13 May 2014 - The secrecy surrounding thousands of subsidiaries created in tax havens by leading UK companies has created a black hole at the heart of the FTSE100, a new Christian Aid report warns today. FTSEcrecy reveals an information void which threatens investors, customers and government regulators, because it leaves them without the facts they need to make good decisions about FTSE100 companies.