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New figures show the poorest countries could miss out due to weak aid rules.

New figures show the poorest countries could miss out due to weak aid rules. Brussels, April 11 2017. New global aid figures released today [April 11] have been criticised by campaigners as evidence that rules governing aid aren’t working. According to the European Network on Debt and Development (Eurodad), proposed changes to the rules could actually make things worse. The Official Development Assistance (ODA) figures, compiled by the Organisation for Economic Cooperation and Development (OECD) ...

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“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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Tax campaigners condemn renewed punishment of Luxleaks whistleblowers

Brussels, March 15 2016.  Eurodad (European Network on Debt and Development) has condemned the revised sentences handed down by a court in Luxembourg today [March 15] after the retrial of LuxLeaks whistleblowers Antoine Deltour and Raphaël Halet. Although the new sentences (six months' suspended jail and a €1500 fine for Deltour and a €1000 fine for Halet) are less harsh than those imposed at the first trial, where the former PwC employees were sentenced to twelve and nine months’ suspended ...

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EU parliament gets serious about responding to the Panama Papers by fighting corruption and tax abuse

BRUSSELS, 28 FEBRUARY 2017 Members of the European Parliament agreed today to strengthen the Anti-Money Laundering Directive, a crucial tool for both the EU and third countries in the fight against corruption and tax abuse. The European Parliament has agreed with the European Commission’s proposal calling for public disclosure of information about who really owns and controls EU companies. MEPs also went beyond the European Commission’s proposal and are calling for the public disclosure of ...

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Trade Unions and campaigners around the world accuse the World Bank of encouraging dangerous hidden debts, boycott consultation on Public Private Partnerships (PPPs)

• The boycott was launched after the World Bank ignored repeated calls for the Bank to stop promoting PPPs that contain dangerous hidden debts. • Most governments leave these costs out of the accounting books, which can lead to crippling hidden debt – especially damaging for world’s poorest countries. • See ‘Notes to Editors’ for examples of disastrous PPPs. 27 February 2017 Trade unions and campaigners from around the world are boycotting the latest World Bank consultation on PPPs, ...

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Sharp rise in secret ‘sweetheart' tax deals with multinational corporations exposed in new report

New report analyses developments across Europe and finds: Since the LuxLeaks scandal, the amount of secret ‘sweetheart deals’ between multinational corporations and European governments has increased by almost 50% Mapping of government positions show political support for transparency has grown, but challenges remainEuropean governments continue to sign controversial tax treaties that undermine taxation in developing countriesAmong the 18 countries analysed in the report, not a single government ...

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Despite Panama Papers, EU Member States reject transparency

20 December 2016 In response to the Panama Papers, the European Commission has suggested a crackdown on shell companies by creating transparency around the true owners of companies. But today, EU Member States agreed on a negotiating mandate where they reject this idea, and instead opt to keep the status quo. Currently, the EU only requires Member States to grant citizens access to information about company ownership if they can demonstrate a ‘legitimate interest’ in the information. Tove Maria ...

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Campaigners from 20 countries will travel to Luxembourg to support LuxLeaks 'heroes'

***Press Conference Monday 12 December*** 12.30pm - 1pm (in English); 1pm - 1.30pm (in French) Venue: Novotel Luxembourg Centre, 35 Rue du Laboratoire, 1911 Luxembourg. More than one hundred campaigners from 20 countries across Europe will be in Luxembourg to call for the protection of whistleblowers when the men who exposed the LuxLeaks scandal appear in court again next week. On 12 December, former PWC employees Antoine Deltour and Raphaël Halet, and journalist Edouard Perrin, will return ...

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International conference on responsible taxation in development finance

Media Advisory: International conference on responsible taxation in development finance What: Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs, will kick off this conference on establishing responsible tax standards for Development Finance Institutions such as the European Investment Bank, the World Bank’s International Finance Corporation and national institutions. Speakers will include government officials from the Global South and North, UN ...

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Mixed progress on improving aid quality, but half of aid contracts still go back to rich country firms

Friday November 4 2016 RICH countries need to come clean about how much aid money they plan to use to subsidise their own companies. A ‘Progress Report’ published last night (November 3) by the Global Partnership for Effective Development Co-operation (GPEDC) states that nearly half of the aid money used to procure goods and services still goes back to suppliers in their own country – a practice known as ‘tied aid’. The practice continues even though Global Partnership figures ...