Bantay Kita
  • Home
  • Updates
  • Resources
    • Videos
    • Presentations
    • Publications
    • Photos
    • Policies >
      • Current
      • Pending
    • Infographics
    • Modules
  • About Us

Unmasking the Helmsmen

9/6/2016

 
download
read online

Excerpt

​Beneficial ownership disclosure is one key to guard against abuses and corruptions such as (i) dummy or subsidiary corporations violating the Philippines’ foreign ownership restrictions and (ii) politicians or government enterprises with obscured control or relationship over certain mining firms, unduly taking advantage of their position to enact biased policies or treat contracts unfairly. The same can help track individuals hiding illicit funds behind anonymous companies, and also help ensuring proper tax payments among firms. In 2014, The One Campaign[1] estimated that USD 1 trillion is lost annually from developing countries due to illegal cross-border transactions, which then partly arise from vagueness of company ownerships.

[1] The Trillion Dollar Scandal Report (www.one.org)

About the Author

Madeleine Aloria is a researcher from Action for Economic Reforms, a nongovernmental organization conducting policy analysis and advocacy on key issues of economic reforms and access to information policies. She is a graduate of the University of the Philippines School of Economics.

Comments are closed.

    Categories

    All
    Anton Ragos
    Benjie Zabala
    Beverly Besmanos
    Boris Verbrugge
    Cielo Magno
    Coal
    Dante Gatmaytan
    EITI
    Energy
    FPIC
    Gay Ordenes
    Indigenous People
    Local Government
    Mariquit Melgar
    Mining
    Policy Note
    Research
    Small Scale Mining
    Small-scale Mining

What We Do

Advocacy
Research
Subnational
​Capacity-Building

Know More

Photos
Presentations
Publication
Policies
Infographics
Modules​

About Us

Secretariat
History
Reports
Contact Us
Contact Us
secretariat@bantaykita.ph  | +(63) 917 5105 879
1402 West Trade Building, West Avenue,
​Brgy. Phil-Am, Quezon City, Philippines
  • Home
  • Updates
  • Resources
    • Videos
    • Presentations
    • Publications
    • Photos
    • Policies >
      • Current
      • Pending
    • Infographics
    • Modules
  • About Us