US and Rest of G8 Won’t Follow UK on Corporate Transparency

[unhappycamper]

http://www.commondreams.org/headline/2013/06/19



The G8 in Belfast

US and Rest of G8 Won’t Follow UK on Corporate Transparency
By Carey L. Biron
Published on Wednesday, June 19, 2013 by Inter Press Service

The United States is being singled out for criticism after the Group of Eight (G8) rich countries failed to adopt a plan pushed by British Prime Minister David Cameron to require the creation of public country-level registries with detailed information on corporate ownership and activity.

~snip~

While the United States has now said it will be creating these registries on its own, these will apparently be available only to law enforcement and tax authorities. Critics urge these databases to be made open to the public from the beginning.

“It is important that the United States has committed to creating registries of beneficial information, because this does go beyond the G8 declaration,” Stefanie Ostfeld, a senior policy advisor with Global Witness, an advocacy group and member of the Financial Transparency Coalition, told IPS.

“But it’s not putting that information in the public domain, as the United Kingdom is saying it will do. Without such a commitment, these moves will not live up to their potential impact.”

[CanonRay]

1. The UK still has a functioning government that isn't 100% corporate owned

Ours is a Haliburton subsidiary

[ruffburr]

2. The Leveraged States of corprica-

Welcome, Don't let just anybody screw you let U.S. do it,