Press Releases

For media enquiries, please contact Eurodad's communications team at:

  • comms[at]eurodad.org

  • Julia Ravenscroft, Communications Manager: +44 7958 184695 | +32 486 35 68 14

Tove Ryding

Eurodad reaction to the European Commission’s proposal to tackle the debt-equity bias in taxation (DEBRA)

In the midst of a very difficult economic situation, it has never been more urgent to repair our broken tax system, including by addressing large-scale corporate tax avoidance. Instead of removing the tax loopholes related to debt financing, the European Commission is instead suggesting the introduction of new tax incentives related to equity financing, which could potentially open up new avenues for corporate tax avoidance.

  • Tax Justice
  • Global Processes
Eurodad

IMF/WB Spring Meetings 2022 - As crises mount, failed and insufficient solutions from the IMF and World Bank must be replaced

Call for decision-making to shift to the UN: “the most democratic global governance space we have.”

  • Development Finance
  • IFIs
Julia Ravenscroft

Open letter to G20 Finance Ministers, Central Bank Governors and the IMF: Civil Society Organisations call for issuance of more SDRs and fairer distribution ahead

A group of 17 CSOs has issued an open letter to G20 Finance Ministers, Central Bank Governors and the IMF calling for a new US$2.5 trillion issuance of reserve assets called Special Drawing Rights (SDRs), and reformed criteria for distributing them in a fairer way and according to needs.

  • Development Finance
  • SDRs
Julia Ravenscroft

Rise in overseas aid in 2021 still fails to meet needs of global crises

  • Donations of excess vaccines, in-country refugee costs, the use of private sector instruments and debt relief continues to inflate aid figures
  • 40 CSOs across the world issue a joint statement calling for more and better-quality ODA
  • Development Finance
  • Covid-19
Julia Ravenscroft

IMF plans to distribute Special Drawing Rights to those most in need require fundamental reform

New Eurodad briefing argues that the IMF’s Resilience and Sustainability Trust is far from a silver bullet and how greater commitments are needed from governments and central banks, as billions of dollars of SDRs remain unused.

  • Development Finance
  • IFIs
Tove Ryding

Ground-breaking civil society proposal for a UN Convention on Tax is published

A UN Convention on Tax would, for the first time, create a truly global framework where all countries can participate on an equal footing. The UN is the only truly universal body that exists, making it the obvious place to anchor a truly global convention on tax.

  • Tax Justice
  • Stop Tax Dodging
Julia Ravenscroft

CSOs across the world call on the OECD DAC to drop all plans to report the donations of excess Covid-19 vaccines as aid, as member governments fail to agree on guidelines

The OECD’s Development Assistance Committee (DAC) has failed to agree on a plan on how to report the donation of excess Covid-19 vaccine doses as aid, following months of wrangling. This is a bitter-sweet victory for CSOs, as donors willing to report these excess vaccine donations will still be able to do so as in-kind donations, despite the lack of agreement.

This press release was updated on 15 February following a formal announcement by the OECD. 

  • Development Finance
  • Covid-19
Tove Ryding

Unambitious corporate tax proposal could lead to shortage of EU resources for Covid-19 recovery

Rather than an ambitious reform of the corporate tax rules, today's EU tax package is a Christmas present to all the multinational corporations that will be able to continue paying very low taxes.

  • Tax Justice
  • Covid-19
Julia Ravenscroft

Rich countries fail to agree on how to report surplus Covid-19 vaccine donations as aid

The OECD’s Development Assistance Committee (DAC) is facing an impasse among its membership on the adoption of controversial new rules that would allow rich countries to report the donation of surplus Covid-19 vaccines as aid. This is a vindication of the struggle civil society organisations have been engaging in for months opposing these new rules. 

  • Development Finance
  • Covid-19
Julia Ravenscroft

Eurodad reaction to the finalisation of IDA20 Replenishment

  • Allocation insufficient to meet urgent needs of the world’s poorest
  • No detail on how the funds will be spent
  • Development Finance
  • IFIs