“EM companies ‘going backwards’ on transparency” – Financial Times – July 11, 2016

On July 11, 2016 the Financial Times examined a new report published by Transparency International entitled, “Transparency in Corporate Reporting: Assessing Emerging Market Multinationals.”

According to the article, “Transparency International assessed companies on three measures: the strength of their anti-corruption programmes; their organisational transparency, such as disclosing their subsidiaries, affiliates and joint ventures, which can help expose abusive transfer pricing and tax evasion; and the extent of their country-by-country reporting, to determine the profits a company is earning in each jurisdiction in which it operates and how much tax it is paying.”

Covering the same report, JustMeans explained that it “evaluates the disclosure practices of 100 major emerging market multinationals headquartered in 15 countries and active in 185 countries.”  Of the 100 companies surveyed, 75 are from Brazil, Russia, India, China and South Africa (BRICS).

Registered users may read the article on the Financial Times internet site.

Click here to read the article published on July 11, 2016 by JustMeans.