The selection of David Malpass as the new president of the World Bank is a missed opportunity to put an end to the gentlemen's agreement and strengthen the legitimacy of the World Bank. 

Today, the European Court of Justice ruled against the European Commission, which had alleged that the Belgian tax scheme, known as the ‘excess profit scheme,’ provided illegal state aid worth around €700 million to multinational corporations.

Today, the European Commission kick-started the debate on whether to change EU decision making on tax matters, suggesting a stepwise move towards qualified majority voting, including giving an active role to the European Parliament.

The failure of the OECD’s Development Assistance Committee’s to agree tough new rules governing aid invested in the private sector - private sector instruments - was criticised by Oxfam and the European Network on Debt and Development (Eurodad) today. 

The IMF is attaching an increasing number of conditions to its loans to crisis-hit countries – and many of these promote harsh austerity measures which are damaging countries’ ability to provide essential services to their citizens, for example health services.

Monday, 5 November marks the one-year anniversary of the publication of the Paradise Papers. In the immediate aftermath, the revelations caused political leaders to denounce tax dodging and promise improvements. However, one year after the scandal, most of the problems that led to Paradise Papers remain unaddressed.

A new report exposes how public private partnerships across the globe have drained the public purse and failed to deliver in the public interest.

Ministry of Finance excuses crumble, as time runs out for citizens to see where multinationals are paying taxes.

A new report concludes that rich countries are still awarding more than half of their development aid procurement spending to companies from their own countries.

Ten years after the collapse of US investment bank Lehman Brothers (15 Sept 2008), the world is in deeper debt than it was in 2009 – the height of the financial crisis.