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After years of talking, EU leaders seem willing to take action at last on requiring transparency that will shed light on tax dodgers. There are at least two opportunities for concrete legislation that the EU cannot afford to miss this year, although Member ...
This week’s European Union (EU) meeting of finance ministers in Brussels for the Economic and Financial Affairs Council (ECOFIN) produced strong rhetoric about the importance of tackling tax evasion and tax fraud, but offered little in the way of concrete ...
By Jeroen Kwakkenbos The latest figures from the Organisation for Economic Co-operation and Development (OECD) on donor official development assistance (ODA) have been released. For the most part, the Development Assistance Committee figures do not make ...

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A tsunami of truth exposes the need for tax justice

Francesca Giubilo

11 Apr 2013 12:59:03

By Tove Maria Ryding While our ministers have been delivering speeches about the importance of a healthy financial system, transparency and global tax justice, it seems an international group of financial experts, bankers, lawyers and middlemen have been busy racking their brains to solve the riddle: “How do you make trillions of dollars disappear into thin air?” They’ve come up with a lot more than the good old “stuff your money in your mattress”. In fact, when it comes to doing magic tricks with money, the financial industry has proven to be a regular group of Harry Potters. Golden opportunity to fix flawed EU regulation It has long been known that companies and other legal structures that are anonymously owned and controlled are a key mechanism used to launder money and hide ...
Members of the European Parliament (MEPs) secured a big step towards the financial transparency needed to combat tax dodging last week when they made EU Finance Ministers agree on country-by-country reporting for EU banks from 2014. This represents a ...
By Maria José Romero The European Commission (EC) is pushing ahead with its plan to increasingly ‘blend’ development aid with private finance, despite the fact that the Commission’s commitment to development seems weak and civil society groups ...
Last week the European Parliament passed a resolution setting out its stance on the EC Communication on “Increasing the impact of EU Development Policy: an Agenda for Change”. The resolution on the future of EU development policy (rapporteur: Charles ...
On 25 October the European Parliament voted through a resolution calling for better alignment of all EU policites to development objectives. The resolution, led by MEP Birgit Schnieber-Jastram (EPP, DE) was passed with the overwhelming support of 561 ...

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EC Reciprocity proposal: a sinking ship

Alex Marriage

04 Oct 2012 16:26:31

By Jeroen Kwakkenbos  Any discussion of trade, whether over general principles or of technical issues, brings to my mind images of fleets of ocean greyhounds following the trade winds to greener pastures and more exotic locales. This is particularly true concerning the current discussion surrounding the reciprocity regulation put forward by the European Commission (EC), to be exact it makes me think of the expedition of Commodore Mathew C. Perry into Uraga in 1853. But more on that later. Reciprocity, though it sounds like a legal thriller purchased in an airport bookstore, is an attempt by the European Commission to force non-EU countries to open their public procurement markets. The target countries of this regulation would appear to be China, Japan, and other major trading partners, but ...
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