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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 ...

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European Commission's CCCTB proposal 'will not fix the problem of transfer pricing and corporate tax dodging'

Tuesday October 25 2016 Today, Eurodad reacted to the upcoming proposal from the European Commission for a Common Consolidated Corporate Tax Base (CCCTB). Tove Ryding, Tax Justice Coordinator for the European Network on Debt and Development (Eurodad) said: "The European Commission is talking about a new and improved tax system, with so-called "consolidation" of the tax base. If this happened, the transfer pricing loophole, which allows multinational corporations to dodge taxes in the EU, would ...

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New report: Tax Inspectors Without Borders initiative involved ‘serious conflicts of interest’ and pilot projects were driven by rich country donors

A new report on the much-hyped Tax Inspectors without Borders (TIWB) initiative presents clear indications that the pilot phase involved serious conflicts of interest between donors and developing countries, and that early projects were launched in countries that hadn’t asked for that kind of intervention. This is of great concern because TIWB, which is now managed by the OECD and UNDP, takes tax assistance to a new level, where foreign experts get direct access to the tax administrations of developing ...

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Eurodad reaction to Bahamas Leaks

Wednesday 21st September 2016 Today, the International Consortium of Investigative Journalists (ICIJ) released 1.3 million files leaked from the Bahamas. The revelations include details of the offshore business dealings of high profile figures such as UK Home Secretary Amber Rudd. They also name former EU Commissioner for competition policy Neelie Kroes, who is accused of failing to declare her directorship of an offshore company - which is in breach of EU rules. The leaks also include the names ...

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Eurodad reacts to EU 'scoreboard of indicators' for a new tax haven blacklist

Thursday September 15th 2016 Today the European Commission released a 'scoreboard of indicators' which is supposed to help EU Member States to draw up a blacklist of tax havens for the future. This blacklist will not contain any EU Member States. Tove Maria Ryding, Tax Justice Coordinator at the European Network on Debt and Development (Eurodad), said: "It's highly problematic that the EU still refuses to include its own Member States on this blacklist. As we saw with the Apple case, there are ...

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Eurodad media response to the decision in the Ireland-Apple state aid case

Tuesday 30 August 2016 Today the European Commission ordered Ireland to retrieve €13 billion in unpaid taxes from tech giant Apple, after the country was found to have breached EU rules on ‘State Aid’. Two tax rulings, also known as ‘sweetheart deals’, have allowed Apple to slash their tax payments. One of those deals dates back 25 years. The Irish government has previously indicated that rather than pursuing this money, it plans to appeal. Tove Ryding, Coordinator of Tax Justice ...