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G20 – a chance for solutions, or a part of the problem?

As G20 leaders meet this weekend to debate the state of the global financial and economic system, there is no shortage of problems to discuss. For example, the world is facing a new wave of debt crises; continued large-scale corporate tax avoidance; and a desperate lack of funding for achieving the sustainable development goals, including for ensuring basic infrastructure for public services and combating climate change. The failure of the global system is also exacerbating existing inequalities, including gender inequality.  But the G20 is by no means a young and new initiative and while assessing the challenges ahead, it is also important to look back and discuss whether the global problems we are facing have arisen in spite of the G20 leadership, or – at least to some extent – because ...

press
New EU aid plan risks handing billions to private companies at expense of the poorest, despite safeguards

Brussels, June 28 2017. Proposals to regulate a new multi-billion euro EU fund aimed at driving more private investment in development have just [June 28] been agreed by the European Parliament, Member States and the European Commission. But campaigners say although the proposed safeguards in the External Investment Plan are a step in the right direction, there is a risk that billions of euros of tax payers’ money will benefit big multinational corporations at the expense of the people in poverty ...

blog
Countdown to the 2017 UN Financing for Development Forum

Bodo Ellmers

04 May 2017 10:12:45

In less than three weeks, governments, CSOs and international organizations gather at the UN in New York for the Financing for Development Forum. The forum takes place in crucial times as the implementation of the Sustainable Development Goals faces severe financial constraints. Governments’ self-inflicted inability to raise sufficient taxes paired with rich countries’ unwillingness to provide sufficient aid means that development is all too often financed by borrowed money, a dilemma that is aggravated by new donor initiatives that even turn the limited grants into new debt, through blending facilities. In the meantime, developing countries’ shouts for debt relief are getting ever louder. This Financing for Development Forum promises to be very interesting.   What’s at stake?  ...

press
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 ...
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 ...
Some weeks ago, Oxfam Intermón launched an excellent report called La Ilusión Fiscal, which analyses the relationship between the biggest Spanish companies and tax havens. The conclusions are astonishing: while Spain is losing almost €60 billion every ...
The World Social Forum – Tunis 2015 Activists call for leaders to tackle inequality and deliver tax justice Activists from across the world have published a declaration urging governments everywhere to reduce inequality and deliver global tax justice. ...
Report from the workshop on Tax Justice and Financing for Development25th March 2015 Activists from trade unions, the climate movement, Action 2015 and the campaign for a Financial Transaction Tax (FTT) took part in the Tax Justice and Financing for Development ...