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France Lags Behind in Global Corruption Fight

Aarti Maharaj | April 8, 2015

Recent reports of tax evasion schemes and a lack of accountability among some of the world’s largest companies may suggest that there’s no end in sight for corruption.

While Europe has emerged as a major player that made significant reforms to combat fraud, not all of its countries are on the same page. France has been an early adopter of many international anti-corruption initiatives, including signing onto the Organization of Economic Cooperation and Development’s (OECD) 2000 Anti-Bribery Convention and spearheading efforts to promote greater tax transparency among its businesses.  But this has masked even bigger problems. The country’s long history of scandals and lack of aggressive enforcement actions has been a major roadblock in its pursuit to end corruption. 

According to a New York Times article, the Justice Department raked in more than $1.3...

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