US States Under Pressure As World Pushes For Financial Transparency

Calling it like we all see it. “It is difficult to get a man to understand something when his job depends on not understanding it.” –Uptown Sinclair, I, Candidate for Govenor (1935)

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U.S. states Nevada, Wyoming and Delaware are facing growing pressure to address their lack of corporate transparency, as the United States and the international community continue to respond to fallout from the Panama Papers.

At a London anti-corruption summit on Thursday, representatives from the Cayman Islands, Bermuda and the Isle of Man warned that the “hypocrisy” of the U.S. was hurting the global push for greater financial transparency.

The summit, hosted by British Prime Minister David Cameron and attended by leaders and high-ranking officials from around the world, has drawn increased public attention after the Panama Papers investigation by ICIJ, German newspaper Süddeutsche Zeitung and more than 100 media partners revealed new details about how the world’s rich and powerful use and sometimes abuse secrecy jurisdictions and tax havens.

U.S. Secretary of State John Kerry compared the threat posed by corruption to the threat posed by terrorism, and urged attendees…

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1 thought on “US States Under Pressure As World Pushes For Financial Transparency

  1. If you don’t think the masses are brainwashed here’s proof they are. “Oh yes, we want government to know about every penny we ever get & what we did with them. Tax us 3 times on the same transaction too (local, state, federal). We’re too stupid to manage our own affairs anyway, so it’s good that gov’t. will tell us how to do it.” That’s the goal statists & the “elite” have always been working towards & they’ll hide $$$ regardless of what the laws of any state or nation are. Laws are just for the peasants.

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