Public anger over corruption is probably what scares the Communist Party of China’s leadership the most….Expose ruling-class corruption—perhaps starting with the top fifty CPC leaders and their families—and trumpet it repeatedly and widely. The United States is aware of part of the problem, but it can uncover much more with proper effort.
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Don’t Blame Panama. Tax Evasion Is a Global Problem
Posted April 11th, 2016 at 10:27 am (UTC-5)
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Panama does not deserve to be singled out on an issue that plagues many countries. But we are willing to accept the responsibility for fixing it, in part because greater transparency is ultimately a continuation of reforms we have recently undertaken. The world must tackle this problem…and Panama stands ready to lead the way.
‘Panama Papers’ Blockbusters Make Waves Abroad, but Secret Money Is a U.S. Problem too
Posted April 6th, 2016 at 3:20 pm (UTC-5)
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Nevada, Wyoming and South Dakota have all passed laws making it easier to set up shell companies — and harder to identify the real owners. Bankers say that has actually prompted a flow of foreign assets from traditional tax havens such as Zurich and Bermuda to less elegant banking centers like Reno and Sioux Falls.
Cleaning Up the World: End Dirty Money
Posted April 4th, 2016 at 10:51 am (UTC-5)
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The only people who use holding companies that make true ownership a secret are people who have something to hide. It is not a stretch to say that they may well be acting against the public interest.
Why Do Ukraine’s Reform Ministers Keep Quitting?
Posted February 9th, 2016 at 12:16 pm (UTC-5)
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Ukraine’s Minister of Economic Development and Trade Aivaras Abromavicius…offered a candid statement about the reasons for his resignation: “My team and I have no desire to be a cover for open corruption or puppets for those who want to establish control over state funds in the old fashion.”
It’s Up to Governments to Stop Enabling Corruption
Graft may always be with us, but governments can choose either to tolerate and even assist it, or to confront it vigorously. One of the simplest and best ways to fight back is through sharing information. Letting the fruits of bribery, embezzlement and tax evasion be hidden away enables the crime.