Industry committee  I'll add a quick point. One of the challenges with a complete opacity of privately held companies is that it's very difficult for law enforcement to detect suspicious transactions. For example, if it's just routine for numbered companies to buy mansions in Vancouver, and hundreds

Industry committee  Thanks very much. I just want to clarify that I'm a lawyer in a private practice. I provide advice to Publish What You Pay, but I'm actually speaking in a personal capacity today. As you rightly say, you start a business.... Imagine you started as a sole proprietor, and then yo

Industry committee  What this means is that when your business runs into trouble, and maybe you have to shut the business down, creditors just don't get paid.

Industry committee  One of the challenges in the system is that currently there is very little information available about small corporations. There is more information about publicly traded corporations.

Industry committee  Some authors even suggest requiring non-distributing companies, small corporations, to provide audited financial statements, the way big corporations do, but Claire and Publish What You Pay are merely proposing that if you know who the actual owner of the company is, it will help