Glaring holes

I fully endorse the view of the editorial, “Truth about political funding” (April 6), that without transparency, there can be no reform. 

The editorial picks glaring holes in the recently approved Finance Bill, 2017: There are certain controversial amendments related to electoral funding. For example, the scrapping of the earlier ceiling of 7.5 per cent on the average net profit of companies in three immediate previous fiscal years for making donations to a political party; doing away with the provision of disclosing in the companies’ profit and loss account the name of the “beneficiary” political party. This means that shareholders of