Financial Transparency Coalition

Since the OECD approved a decent country-by-country reporting standard, the lobbying to undermine it in practice has really kicked on. Here’s an update on some of the politics of country-by-country, including the manoeuvring in OECD, US, EU and UN processes; and on what may follow…

The OECD, the club of rich countries that dominates international tax, is running a project known as Base Erosion and Profit Shifting (BEPS) which is supposed to fix some of the gaping holes in the international tax system. As we all know, transnational corporations (TNCs) are running rings around even the best-resourced tax authorities, and

The European Commission’s new measures to combat secret tax deals made between multinational companies and governments cannot be called tax transparency, as they fail to give citizens access to any information.  The Tax Transparency Package, published today in response to the Luxembourg Leaks scandal, makes some improvements to the information that tax administrations receive, but keeps tax rulings confidential, denying proper public scrutiny of governments’ tax administrations and large companies.  Tove Ryding, Head of Tax Justice at the European Network on Debt and Development (Eurodad), said: “This is not tax...

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...