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Results for Tove Ryding

Reacting to today’s European Commission proposals on new transparency rules for tax planning intermediaries, Eurodad welcomed the proposals but said they still leave a lot to be desired. “We agree with the European Commission that we need transparency ...
Brussels, June 12 2017. This evening [Monday June 12], two committees of the European Parliament voted on new tax transparency requirements for multinational corporations. While the outcome would strengthen the text proposed by the European Commission, ...
Together with ActionAid, Eurodad is organising a debate on Tax Justice for Development at the 2017 European Development Days. The debate will take place on 7 June from 18.00 – 19.15. The debate asks: “How can the EU ensure policy coherence for development ...

blog
Why the Panama Papers' birthday is no cause for celebration

Tove Ryding

03 Apr 2017 15:08:29

Happy birthday Panama Papers! Today [April 3] marks one year since billions of dollars stashed away in secret bank accounts suddenly saw the light of day when the International Consortium of Investigative Journalists published findings from over 11 million leaked documents. Overnight, politicians, corporate leaders and celebrities found their dirty laundry exposed on front pages around the world. Despite the name, Panama Papers was not just about Panama. The tax services offered by law firm Mossack Fonseca had been used by wealthy clients all around the world, and the scandal had links to over 20 different tax havens. Panama Papers was not the first scandal either – in recent years we’ve seen numerous examples of large multinational corporations and wealthy individuals dodging taxes. ...

press
“Global Laundromat” scandal emphasises the need for strong EU action

Brussels, March 20 2017 Campaigners pushing for strong anti-money laundering measures say the “Global Laundromat” scandal shows just why the EU must take urgent action. Just as the EU is about to enter the final stages of negotiations over whether or not to ban anonymous trusts and shell companies, Eurodad (European Network on Debt and Development) says the scandal reveals why member states must ensure greater transparency around the ownership of companies and trusts.Tonight [March ...

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Eurodad reaction to Council Conclusions on EU tax haven blacklist

Tove Ryding, Julia Ravenscroft

08 Nov 2016 18:18:38

Tuesday November 8 2016 Today, EU Member States discussed the creation of a tax haven blacklist during the Economic and Financial Affairs Council meeting in Brussels. Tove Maria Ryding, Tax Justice Coordinator at the European Network on Debt and Development (Eurodad), said: "The process for blacklisting countries remains highly political. The first thing the EU decided was that no EU countries can ever get blacklisted, despite the fact that several EU Member States are currently acting as tax havens. In the previous blacklist, 'EU friends', such as Switzerland and the United States, were also protected from blacklisting. This kind of double standard will not solve the problem, since tax dodging will just move from one tax haven to another. Furthermore, the EU won't gain much credibility ...

press
European Commission's CCCTB proposal 'will not fix the problem of transfer pricing and corporate tax dodging'

Tuesday October 25 2016 Today, Eurodad reacted to the upcoming proposal from the European Commission for a Common Consolidated Corporate Tax Base (CCCTB). Tove Ryding, Tax Justice Coordinator for the European Network on Debt and Development (Eurodad) said: "The European Commission is talking about a new and improved tax system, with so-called "consolidation" of the tax base. If this happened, the transfer pricing loophole, which allows multinational corporations to dodge taxes in the EU, would ...

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New report: Tax Inspectors Without Borders initiative involved ‘serious conflicts of interest’ and pilot projects were driven by rich country donors

A new report on the much-hyped Tax Inspectors without Borders (TIWB) initiative presents clear indications that the pilot phase involved serious conflicts of interest between donors and developing countries, and that early projects were launched in countries that hadn’t asked for that kind of intervention. This is of great concern because TIWB, which is now managed by the OECD and UNDP, takes tax assistance to a new level, where foreign experts get direct access to the tax administrations of developing ...

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Eurodad reaction to Bahamas Leaks

Wednesday 21st September 2016 Today, the International Consortium of Investigative Journalists (ICIJ) released 1.3 million files leaked from the Bahamas. The revelations include details of the offshore business dealings of high profile figures such as UK Home Secretary Amber Rudd. They also name former EU Commissioner for competition policy Neelie Kroes, who is accused of failing to declare her directorship of an offshore company - which is in breach of EU rules. The leaks also include the names ...