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Common Vison for the World Bank Group

The World Bank's vision for eradicating poverty by 2030 ... a good moment to remind us that WB's chairman Mc Namara promised in 1973 to eradicate extreme poverty by the year ... 2000

read the document 'A Common Vision for the World Bank Group'

also read the comments of the International Council for Social Welfare:

Last Updated on Monday, 22 April 2013 18:21
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G20: In favour of growth and fighting tax evasion

At a meeting of the finance ministers of the G20, an agreement was reached to favour growth (implicitly: to slowly abandon austerity) and to fight tax evasion. Could it be the beginning of real change?

Read the G20 communique

 
Measures against tax avoidance?

UK Chancellor George Osborne and his French and German counterparts are to call for global rules to clamp down on corporate tax avoidance.
The three will seek backing from other leaders at the G20 summit in Moscow.

Facebook allegedly paid no income tax in the US last year, and instead reclaimed 451 million US$ in taxes from the Internal Revenue Service, despite recording profits of more than 1 billion US$.

 
Financial Transaction Tax: Commission sets out the details

The details of the Financial Transaction Tax (FTT) to be implemented under enhanced cooperation have been set out in a proposal adopted by the Commission today.

 

As requested by the 11 Member States1 that will proceed with this tax, the proposed Directive mirrors the scope and objectives of the original FTT proposal put forward

by the Commission in September 2011 (IP/11/1085). The approach of taxing all transactions with an established link to the FTT-zone is maintained, as are the rates of 0.1%
for shares and bonds and 0.01% for derivatives.
When applied by the 11 Member States, this Financial Transaction Tax is expected to deliver revenues of 30-35 billion euros a year.

 

Last Updated on Thursday, 14 February 2013 22:14
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Entry into force of Optional Protocal on ESCR

 

The UN High Commissioner for Human Rights Navi Pillay on Wednesday applauded the upcoming entry into force of a key Protocol to an international treaty which will, for the first time, enable individual complaints on economic, social and cultural rights, thereby helping place all human rights on an equal footing.

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Irish presidency promises to prioritize development cooperation

From 1 January until 30 June 2013, Ireland holds the EU Presidency and will thus chair many of the discussions and negotiations held at EU level. Ireland will have a strong input into the agenda and priorities of the EU, including the Development Agenda, and indicated that development cooperation is among the priorities for the Presidency. Minister of State for Trade and Development, Mr. Joe Costello, focused in his speech before the European Parliament Committee on Development on 22 January mainly on humanitarian aid and relief in crisis situations.

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Financial Transaction Tax in the EU

Implementation of Financial Transaction Tax approved by EU Finance Ministers

Read

Last Updated on Friday, 25 January 2013 02:12
 
Enhanced Cooperation on European FTT

Declaration by the ECOFIN Council of 9 October 2012:

The Council was informed of developments regarding the possible introduction of a financial

transaction tax (FTT), via enhanced cooperation, in a limited number of member states.

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Enhanced Cooperation on FTT in EU

Extract from European Council Conclusions – 29 June 2012

 

Tax policy should contribute to fiscal consolidation and sustainable growth. Work and 
discussions should be carried forward on the Commission proposals on energy taxation, 
on the common consolidated corporate tax base and on the revision of the Savings Tax 
Directive. As noted at the Council on 22 June 2012, the proposal for a Financial 
Transaction Tax will not be adopted by the Council within a reasonable period. Several 
Member States therefore will launch a request for an enhanced cooperation in this area, 
with a view to its adoption by December 2012. The Commission is pursuing work on 
concrete ways to improve the fight against tax fraud and tax evasion and will soon 
present an Action Plan including options to that end. Rapid agreement must be reached 
on the negotiating directives for savings taxation agreements with third countries. 
Member States participating in the Euro Plus Pact will continue their structured 
discussions on tax policy issues, notably to ensure the exchanges of best practices. 

 

Last Updated on Friday, 29 June 2012 20:58
 
Enhanced cooperation in the EU for A FTT

Delighted to inform you that on Friday (22 June) the campaign made an enormous stride forward with 9 countries agreeing to proceed with the FTT: France, Germany, Austria, Belgium, Slovenia, Greece, Spain, Portugal and Italy. 

There has been a reasonable amount of coverage, but please read this to get a quick reprise: http://robinhoodtax.org.uk/latest/group-european-countries-agrees-push-ahead-robin-hood-tax. There is still a lot to do to make sure the countries actually implement, that other countries are brought on board and that funds don't just go from one lot of banks to bail out another lot of banks. I will keep you posted with more news as I get it but as many of you will appreciate who have followed this campaign over a number of years, we've come a long way!

 
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