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offsite link ‘Reduced Service’ Sat Jun 18, 2022 11:37 | Anti-Empire

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The Saker
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The west is nostalgically caught up with outdated ‘containment’ policies, this time against Global South integration. Unfortunately for them, the rest of the world is moving on, together. By Pepe

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http://infobrics.org/post/3... By Jaroslav Lissovolik After several years of being relegated to backstage of the BRICS agenda, in 2022 the BRICS+ format is back and is at the very center of

offsite link Lavrov gets it right by comparing European Union and NATO to Hitler?s old Axis Tue Jun 28, 2022 10:33 | amarynth
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offsite link Reasons for the Russian special military operation in Ukraine Tue Jun 28, 2022 10:25 | amarynth
by Batko Milacic for the Saker Blog On 24 February 2022, Russia started special military operation in the Ukraine. The main goals of the special operation was the denazification and

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Public Inquiry
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Human Rights in Ireland
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offsite link UN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights

offsite link 5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

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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

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