BusinessCompany NewsTransparency on the agenda in Johannesburg

Transparency on the agenda in Johannesburg

Financial transparency will move to the top of the agenda at the World Summit on Sustainable Development in Johannesburg today where Tony Blair is expected to launch a project to reduce corruption.

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The prime minister is expected to call for companies dealing abroad to publish details of all taxes, fees and other payments to officials and politicians to be disclosed in company accounts.

The main industries to be targeted by the initiative are oil, gas and mining though pressure groups have warned regulation will be needed if real improvements are to be made rather than a voluntary initiative.

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