Financial Transparency Coalition

Large amounts of money are needed to address the impacts of climate change. If we succeed in limiting global warming to 2°C, this will still require as much as US$275 billon. A new report released by Eurodad calls into question the latest desperate initiative of donors to fill the gaps in public climate finance: investing in the private sector with the aim of leveraging additional funds. Rich countries promised to mobilise resources to help developing countries deal with climate challenges. However, they are failing to meet their commitments. According to the World Resource Institute’s preliminary analysis of the Copenhagen’s Fast...

EU Country-by-country reporting rules are now being discussed by member states and the European parliament. But one of the clearest flaws in the European Commission’s (EC) proposal to increase corporate and government accountability has been ignored. Namely, the EC has included an exemption meaning companies would not have to disclose payments in countries where criminal law prohibits such disclosure. Effectively this poses the question “Should the law apply in places where it is most needed, where governments are determined to pass laws to hide their own wrongdoing?”

After 6 years with the European Network on Debt and Development (Eurodad), first as Policy Officer and then as Director, Nuria Molina left the organisation at the end of January, 2012. We took the opportunity to ask her a couple of questions about life, taxes, working for NGOs and the role of women as makers of change.

January 3rds’ indictment of three Swiss bankers by a US court on tax evasion charges, shows that robust action against offshore centres can succeed. This underlines the terrible deal the populations of Germany, Britain and Greece will be getting if their governments conclude one sided tax deals, known as Rubik, with the Swiss Government.