Nov 5, 2014 4:07 AM
Anti-graft group: companies fail on transparency
The Associated Press
BERLIN (AP) A leading anti-graft organization has criticized globally operating companies for failing to disclose important information that might help combat corruption.
Berlin-based Transparency International says it reviewed 124 of the world's biggest publicly traded companies and found that 90 don't disclose the taxes they pay abroad.
In a report published Wednesday, the group says 54 of the companies examined provided no information at all on their revenues in other countries.
Companies based in Britain scored best, while those from China worst.
The company that scored highest was Italian oil and gas giant Eni. The worst performer was Bank of China.
Google and Amazon were among the lowest-ranked U.S. companies.
Transparency report: http://www.transparency.org/news/feature/global_companies_global_transparency