Financial Transparency Coalition

WASHINGTON – G20 ministers’ latest plan to help poor countries misses an opportunity to drive massive change because it neglects action against tax dodgers, says Christian Aid.

WASHINGTON – The world’s most powerful countries may be about to renege on their pledges to help developing nations fight massive tax dodging by multinationals, Christian Aid is warning.

WASHINGTON – The United States’ dual pledge to implement the Extractive Industries Transparency Initiative (EITI) and to support legislation that would stop U.S. states from allowing secretive front companies to be set up represents an important step forward in the global fight against corruption and corporate secrecy, said campaign group Global Witness. Announced on Tuesday, September 20th by President Obama, these measures form key elements of the U.S. Open Government Partnership National Action Plan.

NEW YORK – The President announced his intention today to advocate for Congress to adopt laws requiring the disclosure of beneficial ownership for corporations at the time of company formation, an idea already proposed by Senators Carl Levin and Chuck Grassley in S. 1483, the Incorporation Transparency and Law Enforcement Assistance Act, as well as a U.S. commitment to implement the Extractive Industries Transparency Initiative (EITI), as part of the launch of the new government transparency initiative, the Open Government Partnership.