Development Finance Watch - Issue 68

Eurodad Newsletter February 24 , 2011 - Issue# 68   European Network on Debt and Development DEVELOPMENT FINANCE WATCH

 

Top Story » PRESS RELEASE: Publicly funded Swiss company is dodging taxes in Zambia Joint press release by Counter Balance, Eurodad, Tax Justice Network and CTPD      A Swiss mining company, funded with EU development monies, is siphoning its profits out of Zambia without paying taxes. Instead it is putting the money into a tax haven, Switzerland, according to a document leaked to Eurodad and the Counter Balance coalition.   read more   News » Turning CSO demands on tax justice into binding European law This year the European Union will review a number of European laws that spell out what types of information companies must disclose in their annual financial reports. Although at first sight this change in accounting rules seems like a dull technical exercise, well designed and transparent accounting standards have the potential of lifting the veil of opacity that has contributed to the recent global financial drama and which, for years, has been preventing developing countries from properly taxing the activities of multinational companies operating in their jurisdictions.    read more   Report» Intermón Oxfam: Reality of Aid report 2010   Eurodad member Intermón Oxfam has published the 18th edition of its Reality of Aid report series.  The Reality of Aid 2010 assesses the implications of the global economic crisis on Spanish and International official development aid, and makes practical proposals in order to move forwards in the fight against poverty.   read more   Report» Whose aid is it anyway? Politicizing aid in conflicts and crises Eurodad member Oxfam has released the report Whose Aid is it Anyway? , revealing how billions of dollars in international aid which could have transformed the lives of people in the poorest countries in the world, was instead spent on unsustainable, expensive and sometimes dangerous aid projects, as international donor governments used aid to support their own short-term foreign policy and security objectives.   read more Report» Debt sustainability analysis Bolivia   Jubilee Bolivia and Latindadd have published a Debt Sustainability Analysis for Bolivia, presenting a comprehensive analysis and providing policy recommendations with regards to internal and external debt. The objective is to promote a responsible financial management that protects the resources of future generations and avoids a build-up of future social debts.   read more Blog» Axel Weber’s last dance?   Finally, some good news for Europe: Axel Weber is stepping down as President of the Bundesbank and will not succeed Jean-Claude Trichet at the head of the European Central Bank at the end of the year. Not that I have anything personal against the man: however, Mr Weber personifies the very hardest line of the macroeconomic orthodoxy which has done so much harm in Europe lately. read more

What's New   Issue #68    February 24, 2011 ACTION ALERT Writing to your MEP can help curb tax evasion On 7th March, the European Parliament will vote through a report that could set a historical milestone in the fight against tax evasion. Send this letter to your MEP to support this report. Defuse the debt crisis Join the global campaign: Ask the G20 to take action for a fair debt court.   FEATURED MEMBER Aktion Finanzplatz Schweiz is an independent network monitoring the Swiss financial system since 1978. AFP jointly launched the defuse the debt crisis-campaign FACTS AND FIGURES Since 2002, aid to Iraq and Afghanistan alone has accounted for over two-fifths of the entire $178bn global increase in aid provided by wealthy countries. - Oxfam report "Whose aid is it anyway? Politicizing aid in conflicts and crises" IN THE MEDIA Media in Zambia and Europe reported on how Glencore, a publicly funded Swiss company, is dodging taxes in Zambia, as revealed by Eurodad and partners.  Eurodad’s tweet from the World Social Forum was posted in a blog on the Guardian website.   NEW STAFF Jeroen Kwakkenbos will join Eurodad in March as Policy and Advocacy Officer FYI Read the pdf version of this newsletter. If you have feedback on articles, suggestions of content for future issues or other thoughts, please write to: assistant@eurodad.org     FOLLOW EURODAD ON TWITTER!

 

We encourage our readers to circulate this newsletter to interested colleagues. If you have problems downloading from the web and would like to receive mentioned documents as an e-mail attachment, please contact assistant@eurodad.org.   Eurodad’s articles are also available for re-use in other publications with reference to the original source. EURODAD is a non-profit organisation (ASBL/VZW) based in Belgium. For a list of EURODAD member groups across Europe, or to join, see: www.eurodad.org/members

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