Shine the light on corruption and tax evasion

Each year, over $14 billion in tax revenues is lost in Africa to tax havens, robbing millions of the funds that could be put to needed use in schools, hospitals, infrastructure, and more. Photo: Abbie Trayler-Smith / Oxfam

The US should adopt the global norm of ending shell companies to fight corruption and other financial crimes.

Some good news for a change. In a rare display of bipartisanship, a bill was introduced in Congress this week to fight financial crimes by mandating companies incorporated in the United States to identify the physical persons who own and control them.

Corruption, tax evasion, arms trafficking, human trafficking, terrorism financing, sanctions busting, fraud, you name it: the trail of investigations into financial crimes often ends with an

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