July 7th, 2015
PRESS RELEASE With BRICS Summit just days before the Financing for Development Conference, emerging country leaders have unique opportunity In keeping with their commitment to reform the international financial system, the BRICS group of nations have the opportunity to use their summit this week as a precursor to ensuring that tangible results emerge from the
May 7th, 2015
BRUSSELS—In another move that places Europe at the forefront of the financial transparency wave, the Legal Affairs (JURI) Committee of European Parliament voted in favor of a Shareholders Rights Directive that includes a requirement for multinational corporations (MNCs) to publicly report financial information on a country by country level.
March 18th, 2015
The European Commission’s new measures to combat secret tax deals made between multinational companies and governments cannot be called tax transparency, as they fail to give citizens access to any information.
The Tax Transparency Package, published today in response to the Luxembourg Leaks scandal, makes some improvements to the information that tax administrations receive, but keeps tax rulings confidential, denying proper public scrutiny of governments’ tax administrations and large companies.
Tove Ryding, Head of Tax Justice at the European Network on Debt and Development (Eurodad), said: “This is not tax...
March 16th, 2015
—Weeks after the shocking revelations of wide-spread tax evasion at HSBC’s Swiss branch, a new report from a European Commission expert group on the Automatic Exchange of Financial Information (AEFI)
makes it clear that the world can’t afford to exclude developing countries from new anti-tax evasion measures.
The expert group set out to address a number of questions around new efforts to clamp down on tax evasion through the automatic exchange of financial information between governments. Composed of business and industry associations, as well as some civil society groups, including the Financial Transparency Coalition (FTC), the panel concluded that...