Search results

After almost five years of deadlock, EU governments in the Council finally backed new EU rules on corporate tax transparency today. The proposal requires multinationals to publicly report on what profits they make, how much tax they pay, and where they pay it.

The European Parliament today adopted a report advocating the EU press ahead with the introduction of a Financial Transaction Tax (FTT) on a unilateral basis to raise money for public goods.

Finance Ministers from the 11 EU countries that agreed to implement a financial transactions tax again failed to strike a deal on the critical substance on the scope of the tax.

Ministers must deliver on their climate finance promises and support a second wave of attack on corporate tax cheats if their Lima meeting is to succeed, said Oxfam today. 

Responding to President José Ma

Today EU Finance Ministers, meeting in Luxembourg, agreed to drop the idea of an EU-wide European Financial Transaction Tax (FTT).

The unrealistic demands of Belgium and Slovakia are undermining negotiations for a ground-breaking Financial Transaction Tax (FTT) said Oxfam today.  

The Netherlands, Ireland, Luxembourg and Cyprus are among the world’s 15 worst corporate tax havens, according to new Oxfam research published today. The report ‘Tax Battles’ reveals a global race to the bottom on corporate tax that is starving countries out of billions of dollars needed to tackle poverty and inequality.

EU Finance Ministers must ensure countries removed from the tax haven blacklist deliver significant reforms, said Oxfam today, following an announcement that the Caribbean Islands of the Bahamas, and Saint Kitts and Nevis have been taken off the list.