Asset declaration is often required when a person is filling a public/political seat, are there exceptions to this? Can it be waved?
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Asset declaration is often required when a person is filling a public/political seat, are there exceptions to this? Can it be waved?
The principal goal of income and asset disclosure in politics is to combat corruption. Asset declaration requires public officials to declare their income, asset, liabilities and financial interests. The demand is valid and important as they would be holding important and delicate positions, millions of people (citizens) would be placing power and true in them. Of course it’s valid.
That would depend on the office the candidate was running for. Many do require the filing of a financial statement or an abbreviated Financial statement, one with all of the details i.e. all the individual stocks itemized out. You would need to look at the specific office involved to determine what the requirements were for filing a financial statement.