Flow of Illicit Money Undermines Governments and Impedes Development

A lack of transparency in the global financial system hinders the ability of governments worldwide to stop the flow of illicit money that comes from crimes like tax evasion, money laundering, and bribery. These illegal flows rob many poor nations of their opportunity to develop and thrive.

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Check the Box: The $10 Billion Tax Loophole

News of corporations taking advantage of tax loopholes to avoid paying their fair share toward the cost of government continues to flow in. Usually, closing these loopholes requires legislative action by a divided Congress, but there’s one $10 billion a year loophole that can be closed with a Treasury Department regulation.

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Delaware Flaunts “Shell Company” Policy with New Website

The state of Delaware has launched a new website (corplaw.delaware.gov) to promote Delaware’s business-friendly incorporation laws abroad.

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Transparency is Key for Sustainable Growth, Global Panel Says

Open and accountable government is key to successful development, according to a report by a United Nations (UN) panel released May 30. The report, titled A New Global Partnership: Eradicate Poverty and Transform Economies through Sustainable Development, was produced by a panel of global dignitaries at the request of UN Secretary-General Ban Ki-moon. The report's emphasis on transparency represents the growing consensus among world leaders in favor of open government and could bolster support for transparency within the U.S.

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International Comparison Ranks U.S. Well on Budget Transparency

A new international comparison of budget transparency ranks the U.S. among the world's leaders, but highlights some areas for improvement.

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On Transparent Stewardship of Natural Resources, U.S. is #11

A new study of natural resource transparency in 41 countries finds the U.S. among the top countries but not leading the pack. Brazil and Norway scored the highest marks, while countries such as Russia, Colombia, and Kazakhstan also ranked higher than the U.S.

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