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EU Members Agree to "Blacklist" of Alleged Tax Havens
January 04, 2018
At a meeting in December, finance ministers from EU member states agreed on a "blacklist" of 17 "non-cooperative tax jurisdictions" that allegedly allow multinational companies to escape taxation within the EU by failing to adopt international "good governance standards" on taxation.
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EU Official Threatens New Tax Rules for Tech Companies
January 04, 2018
EurActiv reports that European Commissioner for Competition Margrethe Vestager has announced plans to impose a stricter EU tax regime on multinational technology companies if negotiations at the Organisation for Economic Co-operation and Development (OECD) fail to impose new tax rules on such companies by Spring 2018.
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UK Commission Seeks Law on Pensions' "Social Impact"
January 03, 2018
The Thomson Reuters Foundation reports on proposals from the UK's Law Commission for legislation requiring UK pension funds to review the "social impact" of the investments they make and mandating that the UK's Financial Conduct Authority issue guidance on considering "non-financial factors" when investing.
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Article Reviews French, British BHR "Diligence" Legislation
January 03, 2018
A group of attorneys from law firm Freshfields Bruckhaus Deringer describe the current state of business and human rights (BHR) "due diligence" legislation in France and the UK, finding that France has moved beyond Britain in penalizing businesses that fail to show they are monitoring and addressing BHR risks in their supply chains.
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Norway's Wealth Fund Plans Divestment from Oil, Gas
January 03, 2018
Bloomberg reports that Norway's central bank has announced plans to divest money in the country's $1 trillion wealth fund from oil and gas projects and companies "to spread the risks for the state’s wealth" beyond what it perceives as declining future fossil fuel prices in light of global climate action.
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