*** Online civil society press conference at this link - Monday 5 November @ 15.00 CET ***
Monday November 5 is the one-year anniversary of the publication of the Paradise Papers, which made front-page headlines around the world.
In the immediate aftermath, the revelations caused political leaders to denounce tax dodging and promise improvements. However, one year after the scandal, most of the problems that led to Paradise Papers remain unaddressed.
The European Network on Debt ...
Experts call for World Bank Group to end aggressive promotion of PPPs for public service provision
Monday October 8 2018
A new report exposing how public private partnerships across the globe have drained the public purse and failed to deliver in the public interest will be launched at the Annual Meetings of the World Bank in Bali this week (Wednesday October 10 at 1.30pm).
History RePPPeated: How public private partnerships are failing has been written by experts ...
Ministry of Finance excuses crumble, as time runs out for citizens to see where multinationals are paying taxes
Thursday 27th September 2018
In Vienna today, international organisations criticised the Austrian government for blocking progress on an important EU proposal for transparency about where multinational corporations make their profits and where they pay their taxes.
While Austria claims to be pushing for action on corporate tax dodging during their Presidency of the EU (1), the Ministry ...
US, Australia and UK worst offenders – with at least US$9 out of every $10 dollars reported going to their own companiesThe estimated cost of not being able to ‘shop around’ for goods and services was between US$1.95 billion and $5.43 billion in 2016A new report concludes that rich countries are still awarding more than half of their development aid procurement spending to companies from their own countries. This is despite a 17-year-old promise to end practices that give their own firms an ...
Brussels, 10 September 2018
Ten years after the collapse of US investment bank Lehman Brothers (15 Sept 2008), the world is in deeper debt than it was in 2009 – the height of the financial crisis.
Global debt reached a record peak of US$164 trillion in 2016, equivalent to 225 percent of global GDP. For advanced economies, debt-to-GDP ratios have plateaued since 2012 to levels not seen since World War II (above 105 per cent of GDP).
The fallout from the financial crisis is now also hitting developing ...