Topic: Finance and debt
A corporate tax reset by the G7 will only work if it delivers for poorer nations too
Blog / 4th June 2021G7 negotiations for a global minimum corporate tax rate offers the opportunity for a transformational shift in responses to the pandemic, explains Alex Cobham of the Tax Justice Network.
Poor pushed aside as corporates pocket pandemic funds in developing countries
Report / 2nd June 2021Large corporations, rather than ordinary people, have been the main beneficiaries of Covid bailout funds in many lower-income countries.
Rights not debts
Article / 21st May 2021The harms to human dignity caused by over-indebtedness — whether individual or public — are a consequence of unjust policies which violate human rights. Protecting rights must be a core principle of debt justice.
A tide-turning moment in the global struggle for tax justice
Blog / 5th March 2021It’s not often that you can celebrate an outright, global triumph for the advocacy efforts of a movement. But for tax justice, this is one of those days, writes Alex Cobham for the Tax Justice Network.
Illicit financial flows hinder development in Africa – the UN must rise to the challenge of ending this
Article / 29th January 2021Every year, US$88.6 billion leaves Africa in the form of illicit capital flight according to the 2020 report of the United Nations Conference on Trade and Development (UNCTAD).
$427bn lost to tax havens every year: landmark study reveals countries’ losses and worst offenders
Report / 25th November 2020Countries are losing a total of over $427 billion in tax each year to international corporate tax abuse and private tax evasion, costing countries altogether the equivalent of nearly 34 million nurses’ annual salaries every year – or one nurse’s annual salary every second.
UN issues $100m emergency funding and calls for global effort to avert famine
News / 19th November 2020The UN has earmarked $100m (£75m) in emergency funding for seven countries deemed at risk of famine, warning that without immediate action the world could see “huge numbers of children dying on TV screens”.
Over 1,000 health professionals call for G20 to cancel developing countries’ debt
News / 11th November 2020Over 1,000 health professionals from 66 countries have signed a letter urging the G20 to cancel the debt of developing countries, ahead of an extraordinary G20 Finance Ministers meeting.
It’s official, the global economy is a ‘debtor’s prison’
Article / 23rd October 2020As the World Bank and IMF sound the alarm on debts driven sky high by Covid-19 in some of the world’s poorest nations, debt ‘relief’ will not cut it – we need a thoroughgoing transformation of the global economy. By Nick Dearden for the New Internationalist.
In the midst of the pandemic, why is the IMF still pushing austerity on the Global South?
Report / 14th October 2020Despite its own warnings, the International Monetary Fund is risking another ‘lost decade’ for development, reports Soren Ambrose for openDemocracy.