Tech industry lags in political transparency

Submitted by Anonymous (not verified) on Fri, 10/09/2015 - 1:48am

While Silicon Valley firms often preach about the value of transparency, a new study finds that top tech companies are among the least open about their “dark money” political contributions — funds funneled to nonprofits that can easily mask their donors.

Some of the region’s leading tech firms are among the three-quarters of S&P 500 companies that do not publicize payments to tax-exempt 501(c)(4)s, nonprofits that steer hefty sums into elections and, unlike Super PACs, need not disclose where their money comes from, according to a survey released Thursday by the Center for Political Accountability. Continue...

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