Financial Transparency Coalition

In our third newsletter of 2016, we highlight the newest leak from ICIJ, some of the latest movement on transparency in the United States and Europe, and how countries in the global south aren’t ready to give up the fight for a global tax body at the United Nations. 

The FTC recently submitted a letter to U.S. lawmakers who introduced the Corporate Transparency & Accountability Act in the House of Representatives. The FTC welcomed the bill’s introduction, and it’s aim of creating more transparency in corporate reporting by requiring U.S. corporations to report financial information on a disaggregated country-by-country basis.

The FTC recently submitted a letter to the Financial Accounting Standards Board (FASB) to outline steps that could be taken by the organization to further improve the standards for income tax disclosure by companies in the United States. 

This briefing, released ahead of the 2016 G20 Summit in Hangzhou, China outlines some of the latest commitments to transparency made by G20 countries that actually go further than commitments they’ve made together. For the G20 to be a serious leader on issues of financial transparency, it’s vital that they move forward with bold transparency