Analysis
EU's emerging strategy on tax havens: ambitious enough?
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- Written by Pereira & Marriage / Eurodad
DG TAXUD, the taxation and customs department of the EU civil service, is working on a strategy on tax havens and unfair tax competition to be released in the last quarter of the year. This is an extremely welcome step, as the communication addresses several key issues. It recognises that not only double taxation but also double non-taxation is a problem when working out how to tax cross border wealth and income; proposes the introduction of automatic information exchange at EU level; and explores several concrete measures against non-cooperative tax jurisdictions and aggressive tax planning. However, in many ways the outline strategy that is being proposed looks incomplete, it seems that this strategy would not be capable of fully addressing the problem unless some omissions and weaknesses are addressed.The communication, was the subject of a seminar held in Brussels on 17 July. This article outlines some of the highlights of the discussion, both civil society and private sector had with the Commission.
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The LIBOR Scandal: Why is it Scandalous?
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- Written by Immanuel Wallerstein
Since July 4, we have been reading in major world newspapers and in statements by legislators, central banks, and judicial authorities, that there is a "scandal" about something called LIBOR. Before that time, few persons outside the group concerned with banking had even heard of LIBOR. Suddenly, we were being told that major banks in Great Britain, the United States, Switzerland, Germany, France, and probably a number of other countries had engaged in actions that were allegedly "fraudulent."
Finance's Ethics: a leap into the past
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- Written by Roberto Savio
Someday we will have to think over the impact the fall of the Berlin Wall had on the world for both winners and losers.
In those years after the fall, Francis Fukuyama wrote the famous book The End of History where he stated that with the end of communism, capitalism was going to become an eternal reality. He recently wrote in the New York Times (NYT) an article asking for limits to the excesses of corporations, the same corporations to which this newspaper dedicates several pages in its analyses.
Destroying the Commons
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- Written by Noam Chomsky
How the Magna Carta Became a Minor Carta
Down the road only a few generations, the millennium of Magna Carta, one of the great events in the establishment of civil and human rights, will arrive. Whether it will be celebrated, mourned, or ignored is not at all clear.
That should be a matter of serious immediate concern. What we do right now, or fail to do, will determine what kind of world will greet that event. It is not an attractive prospect if present tendencies persist -- not least, because the Great Charter is being shredded before our eyes.
Poverty and Human Rights
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- Written by Mestrum and özden
A report on poverty and human rights ... and why current poverty reduction policies fail ...
with a fresh look on poverty and a constantly necessary reference to human rights
Read the report, also available in French and Spanish, published by CETIM, Geneva.
AidWatch 2012
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- Written by Concord
The AidWatch Report 2012, ‘Aid We Can: more investment in global development’, written by CONCORD, the European confederation for Relief and Development NGOs, shows that:
9 EU countries beat aid targets, but Germany and France missed the mark in 2011. Luxembourg, Sweden, Denmark, the Netherlands, United Kingdom and Malta (the only EU 12 country), Belgium, Finland and Ireland all met their targets. Germany and France however are way off track, both giving less than 0.5% of their GNI to development aid.
Read the report
Doing Business to Fight Poverty?
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- Written by Eurodad
inancial outputs takes oecedence over development outcomes ... an analysis of the Belgian investment company for development ...
UN PROPOSES MECHANISMS TO RAISE $400 BILLION TO CLOSE GAP ON DEVELOPMENT FINANCING NEEDS
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- Written by Eva Hanfstaengl
In a major report, the United Nations today proposed a series of financial mechanisms to raise $400 billion annually for development needs, as many donor countries have cut back their assistance funding due to the global economic crisis.
Read more: UN PROPOSES MECHANISMS TO RAISE $400 BILLION TO CLOSE GAP ON DEVELOPMENT FINANCING NEEDS
Big Banks have Criminally Conspired Since 2005 to Rig 800 Trillion Dollar Market
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- Written by Sara Schaefer Munoz
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Read more: Big Banks have Criminally Conspired Since 2005 to Rig 800 Trillion Dollar Market
Help! MDGs 2.0 ...
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- Written by Karver, Kenny, Summer
Apparently, some people still believe in it ...
The Center for Global Development wrote a paper on the future of the Millennium Development Goals.
