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Reacting to today’s European Commission decision to hit Amazon with a bill of €250 million in unpaid taxes in Luxembourg, Eurodad, the European Network for Debt and Development, welcomed the move but called for action to fix the system. “The ...
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, ...

blog
EU blending: lessons learnt, or just lip service?

Mathieu Vervynckt

17 Dec 2014 10:36:10

On 12 December, the European Council released its Conclusions on a stronger role of the private sector in development cooperation. Unsurprisingly, there is a heavy focus on the use of financing instruments and mechanisms that use public resources and institutions to ‘leverage’ additional private lending and investment, particularly on ‘blending’ as a tool of development cooperation. (Blending is the use of aid money to subsidise or support public or private sector projects.) However, the Council claims that efforts will be made to improve the development impact of blending operations “on the basis of lessons learnt”. But what will this mean in practice?  Since 2007, the European Commission (EC) has set up eight regional blending facilities to link European aid grants with loans ...

press
European Commission risks putting business profits before the needs of the world’s poorest

13 May 2014 Eurodad-Oxfam media reaction The European Commission’s new plan to boost the role of the private sector in development cooperation could put efforts to reduce poverty second to the interests of European companies, said leading NGOs Oxfam and the European Network on Debt and Development (Eurodad) today.   In its new Communication, A Stronger Role of the Private Sector in Achieving Inclusive and Sustainable Growth in Developing Countries, the Commission promotes the adherence ...