Financial Transparency Coalition

Sometimes—even usually—competition is a good thing. It lowers market prices; it sent a man to the moon; and it’s responsible for thousands of Olympic medals. In many cases, competitions–or races–are responsible for innovation, efficiency, and better performance. In these cases, an individual actor’s pursuit of victory leads to the betterment of society, a market, or a generation of athletes. However, sometimes competitions—or races—instead lead to worse outcomes for society. Often called a “race to the bottom,” these kinds of competitions include, for example, international degradations of environmental and labor standards. This kind of race also happens in...

Thanks to an AP report that came out yesterday, we now know of yet another reason shell companies are used to keep information in the shadows, but this one involves a U.S. government agency and a "Cuban Twitter".

While leaders of the Group of 20 (G20) countries won't convene in Brisbane until November, meetings surrounding the agenda of the G20 are ongoing in the months leading up to the summit. From April 10th to the 11th, finance ministers and central bankers from G20 countries will meet in Washington, D.C. to discuss the G20's stance on a number of different monetary and financial policies.

After a year-long hiatus, the Financial Transparency Coalition's newsletter is back! In our newsletter you will find updates on our organization, policy work, press, resources, and upcoming events. To read the January - March 2014 edition, click here.