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European Commission’s Tax Transparency Package keeps tax deals secret
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...
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The world can’t afford to exclude developing countries from new anti-tax evasion system
March 16th, 2015
BRUSSELS—Weeks after the shocking revelations of wide-spread tax evasion at HSBC’s Swiss branch, a new report from a European Commission expert group on the Automatic Exchange of Financial Information (AEFI) makes it clear that the world can’t afford to exclude developing countries from new anti-tax evasion measures. The expert group set out to address a number of questions around new efforts to clamp down on tax evasion through the automatic exchange of financial information between governments. Composed of business and industry associations, as well as some civil society groups, including the Financial Transparency Coalition (FTC), the panel concluded that...
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Eurodad and Tax Justice Network Named to List of “Global Tax 50”
December 17th, 2014
WASHINGTON D.C.—The Financial Transparency Coalition congratulates two members of its Coordinating Committee who were named to the International Tax Review’s “Global Tax 50”, a yearly list of the most influential people and organizations in the tax world. The Brussels-based European Network on Debt and Development (Eurodad) and the UK’s Tax Justice Network were featured among other influential voices, like the International Consortium of Investigative Journalists, Pascal Saint-Amans of the OECD, and the International Monetary Fund.
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EU compromise tightens regulation on shell companies, but without public access, many still in the dark
December 17th, 2014
BRUSSELS — In a deal reached last night, parliamentarians and campaigners have succeeded in making company ownership a fundamental topic. While EU nations have agreed to centralized registers of company ownership information, there is still work to be done to ensure full transparency and public access. “The amount of progress made over the last year and a half is encouraging, and the fact that all EU nations agreed to centralized registers is a significant step,” said Koen Roovers of the Financial Transparency Coalition. “But with countries like Denmark, France, the U.K. and Ukraine announcing commitments to public access, the European...
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