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The European Parliament voted today to strengthen rules on tax transparency for multinational corporations, but included a significant loophole which could undermine the efforts to stop multinational corporations from hiding profits in tax havens. While ...
+eurodad

blog
Why a free press is vital for exposing financial injustice.

Martin Atkin

03 May 2017 09:13:38

As Antoine Deltour and Raphaël Halet - better known as the Luxleaks whistleblowers - prepare for the next legal battle to clear their names, it’s worth remembering that it was only thanks to the much-vilified “mainstream media” that the tax avoidance scandal was exposed. Leaked documents do not make a story by themselves - it also takes independent, determined journalism. The two former PwC employees are appealing against revised sentences handed down by a Luxembourg court for their part in exposing how multinational corporations used secret tax deals with the Grand Duchy to dodge taxes around the world. Although the court reduced their original punishments, the pair are fighting to clear their names altogether. But the whistleblowers deserve praise – not punishment. They were prosecuted ...

blog
On debt and taxation, rich and poor countries are worlds apart

Tove Ryding

01 Aug 2016 12:49:10

This article was first published by the Guardian Following the promises of 2015, when governments adopted the sustainable development goals (SDGs) and a new agreement to combat climate change, many had hoped this year would herald an ambitious political atmosphere, with grand self-congratulatory speeches turned into concrete change. It was clearly with this in mind that the UN’s Conference on Trade and Development (Unctad) chose “From decisions to actions” as the slogan for its global conference, which took place in Kenya last week. All governments ought to be able to embrace the focus of Unctad – namely to help developing countries mobilise financing for development, and improve global economic governance. Unctad’s roles include helping poorer countries to benefit from trade, stabilise ...
331 CSOs, including Eurodad, have sent a letter to decision-makers ahead the fourteenth session of the United Nations Conference on Trade and Development (UNCTAD), taking place in Nairobi next week. The letter urges UNCTAD member states to preserve ...

press
Following Panama Papers, the European Commission takes step forward on financial transparency, but loopholes remain

Tuesday July 5 2016 Today the European Commission took a step towards financial transparency proposing public registers of the real owners of companies and ‘commercial trusts’ to be included in the EU’s anti-money laundering legislation. However, information about ‘non-commercial trusts’ will remain largely behind closed doors as the proposed rules state that in order to access this data, members of the public must demonstrate a ‘legitimate interest’. The Commission has reopened ...
Eurodad has produced two briefings, one on Development Finance Institutions (DFIs) and public country by country reporting (CBCR), the other on DFIs and public disclosure of beneficial ownership (BO). The briefings put forward general recommendations ...

blog
Take action to make multinationals pay their fair share of taxes

Lotta Staffans

14 Mar 2016 16:57:49

The European Commission now has the opportunity to show real commitment to its agenda for corporate transparency and fair taxation. Right now, the Commissioners are discussing a proposal for public country by country reporting for multinational corporations. Eurodad has launched a new website to help you get in touch with the Commissioners and make sure they know now is the time for an ambitious proposal.   Tax justice NGOs all over the world have been calling for public country by country reporting for years, as basic information on where multinationals do business, what they pay in tax, how many employees they have and so on, would be a key tool in the fight against corporate tax avoidance. There are several reasons why the European Union should introduce this simple transparency ...