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The publication of a new set of corporate tax principles by The B Team, a coalition of progressive business leaders, was welcomed by Oxfam today. The principles have been endorsed by companies such as Allianz, Unilever and Vodafone Group Plc.
Following the Paradise Papers revelations, the European Parliament decided today to establish a new special committee on tax fraud, tax evasion, money laundering, tax avoidance and aggressive tax planning.
Oxfam applauded donor countries for stepping up their financial pledges, the new countries contributing for the first time, and developing countries that promised to invest even more into their own education systems.
The evidence is clear: Trump's tax cuts are looting the US treasury to enrich the 1 percent. The choices of government leaders around the world are fueling the inequality crisis to frightening levels.
Attacks on humanitarian agencies will hinder the delivery of vital aid, ultimately affecting the people who most need it.
"Aside from obvious questions raised by Paul Romer’s resignation, serious concerns remain around the Doing Business report. Hopefully the next chief economist will be given the mandate to bring coherence and fairness to this ranking."
EU finance ministers have decided today to remove eight countries from the EU’s blacklist for tax havens, rushing to take countries off the blacklist without it being clear what they have actually committed to improve.
Europe can continue burning food to fuel cars and trucks in the EU, the European Parliament voted today. In the vote on the reform of the Renewable Energy Directive for 2030, MEPs supported rules that would allow member states to force-feed car drivers with biofuels made from food-crops at current levels until 2030.
A Luxembourg court today overturned the previous guilty verdict imposed on whistleblower Antoine Deltour, who exposed secret deals that enabled multinational companies to avoid paying billions of dollars in tax. Welcoming the decision, Oxfam said whistleblowers are not criminals and governments should do more to implement tax transparency.
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