New EU transparency rules
Issue 252
- 19 Apr 2013
| 2 minute read
The European Union on 9 April reached a deal on a law that will require energy, mining and logging companies – public as well as private firms over a certain size – to declare payments over €100,000 ($130,000) made to governments. The rules will be incorporated in the EU’s Transparency and Accounting Directives. The law now requires a final vote in front of parliament, seen as a formality, anticipated in June.
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