Upcoming Events

International | EU

no events match your query!

Blog Feeds

Spirit of Contradiction

offsite link The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason

offsite link On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan

offsite link What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith

offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

Spirit of Contradiction >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Did RTE journalists collude against Sinn Fein?

offsite link Irish Examiner bias Anthony

offsite link RTE: Propaganda ambush of Sinn Fein Anthony

offsite link Hong Kong and democracy Anthony

offsite link Oliver Callan: Back in his box Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link Netherlands ?Justice? Is Totally Corrupt: MH17 Case as Example Sat Jul 04, 2020 18:42 | amarynth
by Eric Zuesse for the Saker Blog On Friday, July 3rd, the judge in the Netherlands court case against Russia as having fired a Buk missile that brought down the

offsite link String Of ISIS Attacks Continues In Syrian Desert Fri Jul 03, 2020 22:52 | amarynth
South Front Since the start of the week, the Syrian Army has repelled several ISIS attacks on its positions in the desert in central Syria. The most recent attack took

offsite link Syria Prepares For Military Confrontation With Turkey In Northeast Thu Jul 02, 2020 22:22 | amarynth
South Front The Syrian Army and the National Defense Forces have put their forces on high alert in response to the new round of aggressive actions by the Turkish Army

offsite link With Fire and Sword: Obama?s black crusaders and the war in the Ukraine Thu Jul 02, 2020 22:16 | amarynth
By Ken Leslie for the Saker Blog 1. How to be progressive in America As some readers of my previous essays recall, I devoted quite a lot of space to

offsite link Does the next Presidential election even matter? Thu Jul 02, 2020 21:00 | The Saker
[this analysis was written for the Unz Review] Just by asking the question of whether the next Presidential election matters, I am obviously suggesting that it might not.  To explain

The Saker >>

European Union Votes on Corporate Transparency Regulations

category international | eu | news report author Monday July 03, 2017 16:15author by Abby Wilhelm - Jubilee USA Network Report this post to the editors

US Anti-corruption ‎Rules Under Attack

The European Parliament is set to vote on landmark corporate transparency rules known as "country-by-country" reporting.

The European Parliament is set to vote on landmark corporate transparency rules known as "country-by-country" reporting. Under the new law all major multinational corporations, including US businesses that work in Europe, will publicly disclose taxes and other payments made to governments in countries where they operate. The European Union (EU) Parliament likely will vote in favor of the regulations before Wednesday and then the EU Council will make the final decision. ‎

“This is exciting news. Europe is moving forward the most comprehensive rules to date to stop bribery and encourage corporations to pay taxes where they operate,” noted Eric LeCompte, Executive Director of the religious development group Jubilee USA. LeCompte served on United Nations expert groups that focused on these new rules. “Unfortunately as we are making progress in Europe less comprehensive transparency regulations are threatened with repeal in the United States.”

‎As new transparency regulations in Europe move forward, similar US provisions are under attack. Section 1504 of the US Dodd-Frank Act requires oil, gas and mining industries to perform similar US reporting to the European measure. Congress slowed the US provision from moving forward earlier this year and then the US House of Representatives voted to repeal Section 1504 entirely. ‎Jubilee USA leads a campaign to prevent the Senate from repealing the transparency measure.

“Corporate transparency rules are vital for combatting corruption and ensuring that our economy protects vulnerable communities,” said LeCompte.

The EU legislation includes an exemption for corporations to not disclose information if the disclosure would threaten commercial interests.

Jubileeusa.org

© 2001-2020 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy