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New Deal, Same Greek Tragedy



Posted on June 15, 2016 by Campaigns Officer

Greek Tragedy

By Derek Lynch

Greece has been ensnared by a seemingly unending cycle of austerity and depression. This state of play has seen the country loose a quarter of GDP since 2007, unemployment has been steady at 25% for the past 4 years while youth unemployment has been above 50% for longer. The Greek people have been forced to try and meet unrealistic fiscal targets with only a vague promise of debt relief to ease the pain.

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The Panama Papers



Posted on May 26, 2016 by Campaigns Officer

Panama Papers

By Derek Lynch

The aggressive tax planning and dodging of high worth individuals and corporations has come to the fore in recent weeks thanks to the leak of more than 11 million documents contained in the Panama Papers. These documents were leaked from a Panamanian law firm called Mossack Fonseca and obtained by the International Consortium of Investigative Journalists (ICIJ).

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Pfizer drapes the green flag to dodge billions in corporate taxes



Posted on December 10, 2015 by Sian Crowley

Tax Transparency Magnifying Glass

by Policy Officer Éamonn Casey

Another week, another mutlinational corporation’s tax-dodging deal to keep Ireland in the international spotlight – with this one set to save Pfizer over $21 billion in taxes by routing profits through Ireland, according to Irish Times business reports.

Monday 23 November brought the news of the biggest ever corporate merger in the healthcare sector, which will see US-registered Pfizer take over Irish-registered Allergan in a $155 billion deal if the deal gets regulatory approval and completes in 2016. This will involve the newly established company, Pfizer Plc, shifting its legal domicile and ‘headquarters’ to Ireland (without shifting much of its management) in a so-called ‘corporate tax inversion’.

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Ireland awaits ruling on Apple tax case, after Starbucks and Fiat found liable



Posted on December 10, 2015 by Sian Crowley

Apple Ireland bites

by Policy Officer Éamonn Casey

Bizarre practices are common in the tax-dodging games played by multinational corporations and tax havens. While Ireland is adamant it should not be considered one, it is often regarded as such internationally and shares many characteristics. 

A new and bizarre twist involves EU Member States taking legal action against the European Commission for finding that it should act to claim corporate tax revenues to which it was entitled, but did not levy, from multinationals.

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Human Rights and the World Bank – tricky questions at the Annual Meetings



Posted on November 25, 2015 by Sian Crowley

Aideen Vicky

This blog was written by Aideen Elliott (right), who attended the Annual World Bank/IMF meetings in Lima, Prey, this year, with Vicky Donnelly (left), on behalf of DDCI.

Aideen Elliott is a former intern and long time supporter of DDCI. She received her MA in International development from SOAS University of London in 2013 and since then has worked on a number of campaigns and research projects, including writing DDCI'S IMF World Bank Watch 2015external linkThis blog is a continuation of Aideen's account of attending the annual WB/IMF meetings in Peru this year - you can read the first installment here.

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Global Week of Action for #TaxJustice (Nov 2-6, 2015)



Posted on November 05, 2015 by Sian Crowley

ddci apple stunt

It's Global Week of Action for #TaxJustice (Nov 2-6, 2015). In this post we will tell you about just some of the great actions happening across Europe, and where you can find more information about #taxjustice.

In the year following the #Luxleaks scandal, a vast number of multinational companies have been proven to be exploiting tax loopholes in the EU. Vital revenues which should fund public goods are being plundered by the abusive practices and systematic tax avoidance of multinational companies and their specialist tax advisers. The world’s poorest countries are often hit much harder than richer countries by corporate tax avoidance. Altogether, multinational tax avoidance costs poor countries around $100 billion per year, according to UN figures.

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The human cost of debt crises - activist reflections from WB/IMF Annual meetings 2015



Posted on October 29, 2015 by Sian Crowley

Aideen Vicky

This blog was written by Aideen Elliott (right), who attended the Annual World Bank/IMF meetings in Lima, Prey, this year, with Vicky Donnelly (left), on behalf of DDCI. 

Aideen Elliott is a former intern and long time supporter of DDCI. She received her MA in International development from SOAS  University of London in 2013 and since then has worked on a number of campaigns and research projects, including writing DDCI'S IMF World Bank Watch 2015.

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Great Apple Giveaway mocks secret Irish tax deal with global giant



Posted on October 27, 2015 by Sian Crowley

by Policy and Outreach Officer Éamonn Casey

eamonn apple

Irish tax justice activists marked the release of Apple Inc.’s fourth-quarter financial results on 27 October with a Stop Multinationals Tax Dodging event outside Ireland’s Department of Finance.

Hardy campaigners defied miserable rain to protest at Ireland’s great Apple tax giveaway, through secret tax arrangements with Irish subsidiaries. The activists highlighted Ireland’s rotten Apple tax deal by handing out delicious, no-strings-attached, red apples to passers-by, who enjoyed the better taste they left in the mouth and showed keen interest in campaign leaflets on the issue.

The Dublin protest against multinationals’ secret tax arrangements (beyond even the low 12.5% Irish corporate tax rate) highlighted the deals that lowered Apple’s effective tax rate in Ireland to around 2%.

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UN adopts landmark debt resolution on principles for sovereign debt restructuring



Posted on September 28, 2015 by Sian Crowley

United Nations Flag

By Bhumika Muchhala, Senior Policy Analyst, Finance and Development, Third World Network - New York.

First published by Third World Network.

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Argentina Could Show Greece A Way Out Of Crisis



Posted on August 18, 2015 by Sian Crowley

Alan-Cibils

by Alan Cibils

The Greek debt bailout and austerity saga, including the recent agreement between Greece and the Euro Summit, has important parallels with the Argentine experience of the late 1990s and early 2000s. Even given country specific differences, these similarities are relevant to the choices facing Greeks today.

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