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Corruption, crime, Covid-19 recovery… 5 more ways closed company data harms the EU

OpenCorporates
Jul 9 · 4 min read
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Official company data is difficult to access as data in many EU countries, most notably Spain, Italy and Germany. Our recent report on access to company data in the EU, ‘EU Company Data: State of the Union 2020’, identified 15 areas where the lack of company register data as open data frustrates, impedes or otherwise has a negative impact on EU policy.

Our last post showed 5 crucial ways that a lack of access to official company data undermines public policy, disadvantages business and widens inequalities.

But that’s not all: here are 5 further ways Europe’s citizens and businesses suffer from lack of access to this critical data.

  1. Corruption and the rule of law
    A fundamental tenet of the EU is the rule of law. Yet this is being threatened through a number of vectors — inequality in tax, particularly around corporations, unequal application of the law, lobbying and the revolving door, and of course corruption. This was highlighted by a Eurobarometer survey last year, with 89% of all respondents saying that action on corruption needs improvement in their country. As the World Bank Puppet Masters report illustrated, most large-scale corruption uses companies as the vehicle for the crime. The importance of company register data in this area — and the lack of access to it — was highlighted by a report by the Organised Crime and Corruption Reporting Project and Access Info Europe. It is interesting to note that many of the worst scoring countries in this report also scored badly in the Eurobarometer survey.

We’ll look at some of the practical factors that make this situation possible, as well as the benefits of open company data, in future posts.

Want to learn more? Read the full report:
‘EU Company Data: State of the Union 2020’

Interested in the US perspective? Read our recent report:
US Company Data: State of the Nation 2020

OpenCorporates

Written by

The world's largest open database of the corporate world. Winner of the Open Data Business Award by @ODIHQ.

OpenCorporates

Written by

The world's largest open database of the corporate world. Winner of the Open Data Business Award by @ODIHQ.

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