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After years of talking, EU leaders seem willing to take action at last on requiring transparency that will shed light on tax dodgers. There are at least two opportunities for concrete legislation that the EU cannot afford to miss this year, although Member ...
This week’s European Union (EU) meeting of finance ministers in Brussels for the Economic and Financial Affairs Council (ECOFIN) produced strong rhetoric about the importance of tackling tax evasion and tax fraud, but offered little in the way of concrete ...

A tsunami of truth exposes the need for tax justice

Francesca Giubilo

11 Apr 2013 12:59:03

By Tove Maria Ryding While our ministers have been delivering speeches about the importance of a healthy financial system, transparency and global tax justice, it seems an international group of financial experts, bankers, lawyers and middlemen have been busy racking their brains to solve the riddle: “How do you make trillions of dollars disappear into thin air?” They’ve come up with a lot more than the good old “stuff your money in your mattress”. In fact, when it comes to doing magic tricks with money, the financial industry has proven to be a regular group of Harry Potters. Golden opportunity to fix flawed EU regulation It has long been known that companies and other legal structures that are anonymously owned and controlled are a key mechanism used to launder money and hide ...
In a response to the OECD’s February report Addressing Base Erosion and Profit Shifting, 58 campaigning organisations say it’s time to make multinationals pay their fair share of tax. Eurodad, Christian Aid and others call on the OECD and G20 to work ...
Members of the European Parliament (MEPs) secured a big step towards the financial transparency needed to combat tax dodging last week when they made EU Finance Ministers agree on country-by-country reporting for EU banks from 2014. This represents a ...

Domestic resource mobilisation in developing countries – interesting graphs

Francesca Giubilo

14 Nov 2012 16:11:23

by Jesse Griffiths I’m in the middle of updating Eurodad’s summary of financial inflows and outflows to developing countries – watch this space – but thought I’d share some really interesting graphs. Here’s the first, which I put together from the World Bank’s online database. It shows “Gross capital formation” - which used to have the more straightforward title of “Gross domestic investment” - as a share of GDP. It shows just how successful developing countries have become in mobilising resources for investment, even despite the global economic crisis. Impressive stuff, isn’t it? Gross capital formation by income group (% GDP) This measure is a mix of many different things.  It includes private and public investment,which could be funded by earnings or borrowing.  ...

Campaigners in Toyko call for end of harmful tax policies

Tokyo, Japan, October 12, 2012 As the IMF and World Bank pursue implementation of tax policies in developing countries, members of Civil Society worry that these powerful institutions are putting the interests of international investors above those of the democratic governments of developing countries. Of particular concern is the World Bank’s influential “Doing Business” ranking which many development experts find particularly damaging. “The rankings are based upon criteria that might ...
Half of the world’s trade passes through tax havens. Right now, they are hiding billions of dollars on behalf of criminals, dictators, wealthy individuals, and corporations. Watch this video by Tackle Tax Havens, then find out what tax havens are, why ...