Bishops call on EU for more company transparency

Written by  CIDSE

Bishops call on EU for more company transparency
25 April 2012

We need transparency to fight corruption and tax dodging, April 2012 (Available in EN - DE - ES - FR)

While a group of EU member states, including Germany and the UK, are attempting to water down new EU transparency legislation, Catholic bishops from around the world urge the EU to push forward and require European Union-listed and large unlisted extractive companies to publicly disclose the payments they make to governments worldwide. In a joint statement, supported by CIDSE, they say less stringent laws will fail to turn the resource curse of resource-rich developing countries into a blessing. A political agreement on the revision of the EU Transparency and Accounting Directives is expected in June 2012.

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