Financial Transparency Coalition

The year 2023 is going to be crucial for financial transparency and tax justice, as countries around the world desperately seek funds amid multiple crises, whist grappling with the impact of the COVID-19 pandemic.

PRESS RELEASE EU governments need to make tax more transparent, further opportunity looms ahead for lawmakers BRUSSELS—The Economic and Financial Affairs Council (ECOFIN), has agreed today on a proposal for corporate financial reporting, but despite increased pressure from European advocacy groups and policy-makers, the agreement would still keep country-by-country reports about the activities of multinationals

In a new report released this week titled Transparency in Corporate Reporting: Assessing the World’s Largest Companies anti-corruption watchdog Transparency International (TI) analyzes the disclosure practices of the world’s largest publicly listed companies. This report is part of a series of studies aimed at evaluating the corporate world’s transparency and accountability practices. In this report, TI looks at 124 corporations and scores them on transparency according to three dimensions: reporting on anti-corruption programs, organizational transparency, and country-by-country reporting. TI’s research finds that many companies are fairly transparent regarding their anti-corruption...

On July 10, Transparency International issued a report showing that the world’s biggest companies are disclosing more about their measures for preventing corruption, but not so much of their financial data in the countries where they operate.