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The European Commission has shown yet again how EU governments grant unfair tax schemes to powerful multinationals, Oxfam said reacting to the opeing of a new investigation into a UK tax scheme that exempts multinational companies from an important anti-tax avoidance measure.
De-risking’ refers to financial institutions closing the accounts of clients perceived as high risk for money laundering or terrorist financing abuse, namely money service businesses, non-profit organizations, correspondent banks and foreign embassies. This report explores the linkages between bank de-risking and the ascendance of the risk-based approach to anti-money laundering and countering the financing of terrorism (AML/CFT).
Coal is the single biggest driver of climate change - responsible for one third of all CO2 emissions since the industrial revolution. With these climate impacts falling disproportionately on the most vulnerable and least food secure, the burning of coal is further exacerbating inequality.
Responding to the UK Government's decision to launch a legal challenge to plans for a European Financial Transaction Tax, Nicolas Mombrial, Oxfam EU policy adviser, said:
International agency Oxfam appealed to the UK government to ensure that training on international humanitarian and human rights law is prioritized in its dispatch of military advisors to Mali.