Panama Papers |
According to the IMF, emerging markets account for over 70 percent of global growth, with concerns that corruption will hamper growth and limit socio-economic progress. The report follows the "Panama Papers" leaks which exposed the use of shell companies and offshore tax havens, often for illegal purposes such as tax evasion and money-laundering. This put tax avoidance and corporate secrecy at the top of the global agenda. The Transparency International study took into account three different ways in which companies can address corruption.These included the reporting of anti-corruption programmes such as policies to ban bribes or "facilitation payments", the disclosure of company structures and holdings, and the disclosure of key financial information in each individual country where they operate, such as tax payments.
|
|
|
|