Anti-graft group: multinationals found lacking on transparency

Markets Associated Press

A leading anti-graft organization has criticized globally operating companies for failing to disclose important information that might help combat corruption.

Continue Reading Below

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.

Continue Reading Below

___

Transparency report: http://www.transparency.org/news/feature/global_companies_global_transparency