Written By: - Date published: 3:04 pm, May 14th, 2016 - 51 comments
Categories: capitalism, corruption, john key, Judith Collins, tax - Tags: actions speak louder, corruption, fast follower, panama papers, pathetic, tax haven
In London Cameron’s anti-corruption summit made some modest progress:
World leaders pledge to tackle corruption at London summit
David Cameron and John Kerry have warned that corruption and terrorism are dual threats to the world’s economy and security, at a summit aimed at tackling graft featuring heads of state and business leaders.
Six countries, Britain, Afghanistan, Kenya, France, the Netherlands and Nigeria, have agreed to publish registers of who really owns companies in their territories, a so-called register of beneficial ownership. This is a key goal of anti-corruption groups. Six more, including Australia, will consider doing so.
Eleven countries will join the now 29-strong group where lists of beneficial owners are drawn up and shared between governments, although not publicly. Those countries include Cayman Islands, Jersey, Bermuda, the Isle of Man and the UAE. …
Global Declaration Against Corruption
Published 12 May 2016
Corruption is at the heart of so many of the world’s problems. We must overcome it, if our efforts to end poverty, promote prosperity and defeat terrorism and extremism are to succeed.
Today’s Summit has demonstrated the deep commitment of a significant number of countries, businesses and members of civil society to work together to tackle this scourge.
To do this we will build on and implement existing international agreements – but also go much further, making this a top priority at home and abroad and building capacity to tackle the problem.
We commit to expose corruption wherever it is found, to pursue and punish those who perpetrate, facilitate or are complicit in it, to support the communities who have suffered from it, and to ensure it does not fester in our government institutions, businesses and communities. We will fulfil our shared commitment to ‘substantially reduce corruption and bribery in all their forms’.1
1. Corruption should be exposed – ensuring there is nowhere to hide:
By ending the misuse of anonymous companies to hide the proceeds of corruption.
By driving out those lawyers, real estate agents and accountants who facilitate or are complicit in corruption and denying the corrupt the use of legitimate business channels.
By increasing the transparency of government budgets, tax information and procurement to deter tax evasion and expose the theft or misuse of taxpayers’ money.
By making it easier for people to report corruption without fear of reprisal.
2. The corrupt should be pursued and punished and those who have suffered from corruption fully supported:
By actively enforcing anti-corruption laws and working together to pursue the corrupt, prosecute and punish them.
By tracking down stolen assets and returning them safely to their legitimate owners.
By sending a clear message to the corrupt: there will be no impunity. We will restrict their ability to operate in our countries.
3. Corruption should be driven out – wherever it may exist:
By targeting entrenched corruption, linking up institutions and professions around the world to build capacity and foster a shared culture of integrity.
By ensuring transparency and governance in key areas including sport, extractives and the security sector.
By using innovation and new technologies to empower citizens to fight corruption.
By encouraging and supporting the international organisations to increase their focus on fighting corruption and to coordinate their work more effectively.
Sounds pretty good, right? So were does NZ stand? Meh – we’ll think about it:
An anti-corruption summit in London has been assured New Zealand is committed to tackling corruption despite not yet signing up to new international agreements.
All talk no action.
Around 40 nations gathered to put together some kind of agreement and six countries have signed. Police Minister Judith Collins was at the summit but says New Zealand wants to know more. “But we are certainly going down the track of far more transparency particularly around the beneficial ownership,” Ms Collins said.
Are we “going down the track”? When? Does John Key know? He’s been saying we already have full disclosure called the idea of taking action “barking mad“. The Nats are all over the place on this, and they’re trashing our reputation in the process.