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.

Join Eurodad at the virtual Policy Forum 2021 taking place from 22 to 25 November.

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

G20 leaders met in Rome last weekend (30 and 31 October) to address what they termed “today’s most pressing global challenges”. In the end they took no meaningful new decisions. The photo opportunity with G20 leaders throwing a coin into the Trevi fountain was a potent symbol of what the Summit turned out to be: wishful thinking without any action.

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.

#AnnualMeetings #ClimateDebtJustice #COP26 #PublicServices #TaxJustice #PandoraPapers

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.

#ClimateFinance #DevelopmentFinance #TaxJustice #AnnualMeetings #EIB #SDRs #IDA

The remaining months of 2021 are crucial for the future of our humanity. The multiple and interrelated crises that we face call for an even greater level of unprecedented and truly multilateral action.