Just steps away from stopping tax evasion: European Parliament votes on draft report
November 3rd, 2010
November 3rd, 2010
On 9 December 2010, the European Parliament’s Committee on Development will vote on the Draft Report on Tax and Development led by Member of the European Parliament Eva Joly.
The report aims to present the European Parliament’s views on the initiatives set forth by the European Commission in the Communication on Cooperation with Developing Countries on Promoting Good Governance in Tax Matters. This report is good news for civil society organisations such as Eurodad that are advocating to effectively clamp down on tax havens and stop more than USD 600 billion of tax-related illicit flows bleeding the finances of poor countries every year.
Groundbreaking report sets high ambitions for the Parliament
The report confirms the Parliament’s political leadership on tax and development and its commitment to put an end to tax dodging by multinational companies. Eurodad strongly supports the following points in the draft report:
What could be further strengthened?
Despite the high ambitions set by the report, some aspects could be further strengthened, such as:
Civil society groups applaud the ambition of the Parliament and anticipate widespread support for the report at the vote on the 9th December 2010. This report could set high standards in support of financial honesty, which we hope all European institutions, including the European Commission, will uphold in drafting forthcoming communications on these matters.
Miguel Carapeto is a research, events and communications assistant at the European Network on Debt and Development (Eurodad).
María José Romero is a policy and advocacy advisor at the European Network on Debt and Development (Eurodad).
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