April 2013 (#165)

In this update:

  • Construction Sector Transparency Initiative’s (CoST) benefits
  • How many lives could be saved by closing offshore tax havens?
  • Coming Events

Construction Sector Transparency Initiative’s (CoST) benefits

In an interview, Chrik Poortman, Chairman of CoSt, notes that it is ‘estimated that infrastructure investment will grow to something like $US12 trillion a year…something like 10 to 30 per cent of that money will end up not being spent for the purposes originally intended, for a variety of reasons…the focus of CoST [is] better value for money in infrastructure investment.’

How many lives could be saved by closing offshore tax havens?

GlobalHealthHub.org reports, ‘A new study by the former Chief Economist at McKinsey has revealed that at least $21 trillion – more than the size of the entire American economy – has been hidden by the super-rich in offshore tax havens.’ They comment on how this could be achieved.

Coming Events

Anti-Corruption Conference: Corruption in Indonesia – Challenges and Solutions – 24-25 April 2013: TIA Chair, Roger Gyles, and Director, Jane Ellis, will be speaking at this conference which focuses on government, political and legal initiatives to promote anti-corruption initiatives in Indonesia and the impact of foreign bribery on national and international investment in the largest Asian nation outside China.

 Implications of the UK Anti-Bribery Act – free seminar in Melbourne (30 April 2013) and Sydney (1 May 2013): TI Australia Executive Director, Michael Ahrens, and Director, Jane Ellis will give presentations at this seminar.

 International Mining for Development Conference – 20-21 May 2013‘Maximising Benefits’, Sydney: an opportunity for developing countries, civil society, the private sector and the international donor community to discuss the challenges and opportunities that developing countries face as they commercialise their resources sectors.

 EITI Global Conference – 22-23 May 2013 – ‘Beyond Transparency’, Sydney: stakeholders from across the globe will meet to share how EITI is leading to change in their countries and agree how the EITI Standard should evolve to further improve transparency and accountability of revenues from natural resources.

TI Australia Queensland Regional Committee Launch and Seminar – 21 June 2013: 4-6pm, Norton Rose, Solicitors, Level 21, 111 Eagle Street, Brisbane. Speakers at the seminar to follow: Dr David Solomon, Prof. Saleem H. Ali and Michael Roche.