March 20th, 2015
Lately, we've had quite a few reasons to get outraged as global citizens, especially when looking at the financial system, which seems all too well rigged in favor of a small, wealthy elite. We've learned of secret tax deals undoubtedly concocted in ominously tall office buildings between some of the worlds biggest companies and a tax haven; and we've also learned of billions of dollars that were being held by a Swiss bank by the world's wealthiest, amid claims that the bank was helping many of these people...
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...
January 20th, 2015
The lux leaks saga moved up a couple of gears last week. First of all, a large number of MEPs broke ranks with their leadership to publicly back a European Parliament committee of enquiry
into the so-called ‘sweetheart deals’ that Luxembourg concluded with hundreds of multinational companies to minimise their tax bill. The Parliament’s political decision-making body, the Conference of Presidents, has yet to formally approve
the enquiry but the genie seems to be well and truly out of the bottle now, even if there are reports
that EPP deputies are being put under pressure to withdraw their signatures. The enquiry...
December 10th, 2014