Financial Transparency Coalition

Earlier this year, those of us advocating for increased financial transparency and an end to tax-dodging by multinational corporations were excited about the European Union potentially implementing some of the most progressive, pro-transparency regulations the world had ever seen. Beginning in 2016, the European Commission launched a draft directive to implement strong, uncompromising country-by-country reporting

The vast majority of Covid-19 recovery funds have gone to big corporations instead of toward welfare, small firms, or those working in the informal economy, according to the first major analysis of public bailout funds disbursed in developing countries during the pandemic.