Financial Transparency Coalition

LONDON - New European plans to reveal more about multinationals’ finances will help tackle corruption in the oil, gas and mining industries - but need toughening up if they are also to help poor countries fight multi-billion pound tax dodging, says Christian Aid.

BRUSSELS - Today’s EU proposals are a welcome development in the fight against corruption in resource rich countries, but there is potential to do much more.

WASHINGTON, DC – Global Witness is calling on the Securities and Exchange Commission (SEC) not to cave in to industry pressure and to issue effective regulations to combat the trade in conflict minerals. The call comes on the day of a crucial SEC roundtable and in the face of aggressive industry lobbying aimed at making the new rules weak and ineffective.

The importance of tax for development is widely accepted. It is also increasingly being acknowledged that a company’s approach to taxation is an integral part of its Corporate Social Responsibility (CSR). Against this background Christian Aid has produced a briefing “Tax and Sustainability: A framework for businesses and socially responsible investors”. This framework can be used by ethical investors to asses whether a company’s tax policy is responsible in its design or implementation.