European Development Days: Extractives and Taxation
This virtual debate will address the challenges in taxation of minerals, in order to ensure that the global south will benefit from the energy transition.
This event is part of the European Development Days and is organised by ActionAid, Eurodad and OxfamNovib.
The energy transition will lead to a new demand for minerals as the demand for fossil fuels declines. Countries in the global south have already missed out on significant amounts of potential revenue from extractive companies due to gaps in tax systems and harmful tax incentives. Tax havens, tax treaties and a lack of transparency exacerbate these challenges. Countries must strengthen their tax policies to improve domestic resource mobilisation, finance the SDGs, ensure a just transition, and costing-in of externalities. At the same time, EU Member States must ensure their policies are not enabling tax avoidance and evasion. As the energy transition increases demand for minerals, these issues must be urgently addressed in order to ensure the global South does not miss out yet again.
- Mae Buenaventura, APMDD
- Sophie Kwizera, ActionAid
- Christian Hallum, Oxfam
- Erica Gerretsen, European Commission
|This event is being organised with the financial support of the European Union. Its contents are the sole responsibility of Eurodad and its partners and do not necessarily reflect the views of the European Union|