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Stay informed on development finance! September 8 2016
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Top Story

Eurodad responds to the decision in the Ireland-Apple state aid case

This month, the European Commission ordered Ireland to retrieve €13 billion in unpaid taxes from tech giant Apple for breaching EU rules on ‘State Aid’. Eurodad welcomes the decision, but while the Commission had rooted out one rotten apple, many more remain, and the EU must focus on closing the loopholes in the current system.

Report



Our latest discussion paper, The Evolving Nature of Developing Country Debt and Solutions for Change, analyses the changing nature of debt and how new risks can be managed. Debt is growing and changing, with many new types of debt falling into a regulation gap. The good news is that much work has already been done on solutions. These must involve putting people first, preventing debt crises and resolving them fairly if they arise.
   

Blog & Report

 

International public finance flows: 8 principles for transparent reporting
As the OECD's TOSSD consultation draws to a close, Eurodad has published a new paper on the reporting of cross-border financial flows. In his blog, our director Jesse Griffiths asks, “how much public money does your country send to other countries, and for what purposes?”. Unless such figures are carefully compiled, they risk providing a misleading picture and becoming a public relations tool.

 

Resources



Eurodad has published a briefing on the need for a UN tax body. An Intergovernmental Tax Body – why we need it and how we can get it details ten reasons why a global tax body would benefit everyone, including ending the race to the bottom on tax. The briefing also outlines problems with the current system and explains how a global tax body can be achieved. 
 

News 



Tackling vulture funds: New UNHRC report demands a human rights approach
At its upcoming session this month, the UN Human Rights Council will discuss a new report on the harmful activities of vulture funds. The report finds that vulture fund claims, by diverting much needed resources, have a negative 
impact on governments’ capacity to fulfil their human rights obligations. 



 
 

What’s New

EVENTS
The International Conference on responsible taxation in development finance, organised jointly by Eurodad and Oxfam IBIS, will take place this November in Brussels. This conference, which concludes a three-year project on establishing responsible tax standards for Development Finance Institutions, will assess the progress made on this agenda and discuss what else needs to be done. 

When: 10 November 2016

Where: MCE Conference and Business Centre, Rue l’Aqueduc 118, Brussels.
  
FACTS AND FIGURES
The European Commission, in its ruling in Ireland-Apple state aid case, stated that in 2014 Apple’s effective tax rate had been 0.005%, which meant that Apple had paid just 50 euros in tax for every one million euros in profit.  

EURODAD MENTIONS
Eurodad’s Tove Ryding appeared as an expert guest on Al Jazeera’s Inside Story, discussing the Ireland-Apple state aid ruling and its implications for global tax reform. 

Ryding was also quoted in the EUobserver and EurActivas part of their coverage of the Ireland-Apple state aid case.
 
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