Financial Transparency Coalition

The summit between leaders of the world’s wealthiest economies will get underway next week in Northern Ireland. British Prime Minister David Cameron, leading the summit, has put three things at the top of his agenda: trade, tax, and transparency. There are a lot of issues directly relevant to the Financial Transparency Coalition in there, and I don’t have time to address them all, but one of the most promising, and interesting, is Cameron’s commitment to improving information on beneficial ownership of companies via public registries. Anonymity is prevalent under the world’s status quo. It is exceptionally easy (and relatively cheap)...