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.

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. 

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

The European Parliament has rubberstamped a new EU Directive which has public country by country reporting (CBCR) in name only. 

The move, which challenges the OECD's dominance as the place where global tax rules are written, is a strong sign that many developing countries do not consider the discussion about global tax rules to be over.

Eurodad’s Director Jean Saldanha reflects on the “business as usual” approach of the past week, the lack of urgency around Special Drawing Rights, and the total failure by G20 finance ministers to address deepening debt levels in the global south.

Recommendations include an end the gentleman’s agreement in the leadership selection process, reform of the Bank’s quota system to give more power to countries from the global south and no DBR 2.0

The OECD has produced a deal that has strong biases towards the interests of larger and richer countries, at the expense of the world’s poorest countries.

This evening, the International Consortium of Investigative Journalists (ICIJ) published yet another global tax scandal – known as the #PandoraPapers. The investigation – which included over 600 journalists in 117 countries – presents the findings from a leak of more than 12 million documents. Once again, at the centre of the scandal is the use of secret shell companies by politicians and the ultra-wealthy elite.

In light of the growing scandal around the World Bank's Doing Business report, Eurodad has issued the following reaction.