Click here to download a copy of the report Piping Profits
Ten of the world’s most powerful oil, gas and mining companies own 6,038 subsidiaries and over a third of them are based in secrecy jurisdictions, a new Publish What You Pay (PWYP) Norway report today reveals.
Secrecy jurisdictions facilitate illicit financial flows, to which the developing world loses US$1 trillion a year.
PWYP US leaders sent President Barack Obama a letter recommending two policy priorities on revenue transparency: the EITD Act and EITI in the U.S.
Download the letter here.