Financial Transparency Coalition

PARIS – With Ghana, Georgia and Nigeria joining in the past few weeks, the Global Forum on Transparency has now 101 members and expects more countries to join soon.

JOHANNESBURG – Almost $6 billion was spirited out of Angola in 2009, according to new data on Wednesday that highlight how much of the war-scarred African nation's oil wealth is stolen by a corrupt elite.

VATICAN CITY — The Vatican issued a new rule Friday requiring anyone bringing €10,000 ($14,000) or more into Vatican City to declare it, the latest initiative by the Holy See to come into compliance with international finance norms.

Caroline Lucas MP, leader of the UK Green Party, yesterday tabled a Bill in the House of Commons that would require country-by-country reporting by all UK companies for all their activities. Clause 3 of her Tax and Financial Transparency Bill 2011 says:

Financial transparency: companies and trusts (1)Every company, including a parent company, incorporated in or operating in the United Kingdom must publish in its annual financial statements prepared in accordance with the requirements of the Companies Act 2006 an analysis of the consolidated turnover and profit made by it in each jurisdiction in which it has a permanent establishment for taxation purposes as defined...