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NGO Demands "Tax Haven" Blacklist, Corporate Reporting
December 19, 2017
The nongovernmental organization Oxfam has released a briefing paper calling on governments to avoid future tax scandals like the recent leak of the "Paradise Papers" showing corporate and individual tax avoidance by establishing a global blacklist of low-tax jurisdictions, a "global tax body" to provide for reforms, and a country-by-country corporate tax reporting scheme.
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Initiative Pushes "Climate Mainstreaming" in Finance
December 19, 2017
At the recent UN climate summit in Bonn, the European Investment Bank and other organizations called on financial companies to sign up to the Climate Action in Financial Institutions initiative, under which they commit to "mainstreaming" climate-friendly principles throughout their operations and report their progress in a publicly accessible database.
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CoE Partners with Companies on "Safe Internet"
December 19, 2017
Secretary General of the Council of Europe (CoE) Thorbjørn Jagland recently signed an agreement with leading technology companies and associations to strengthen the multinational body's cooperation with the private sector "to promote an open and safe internet, where human rights, democracy, and the rule of law are respected."
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Academics Seek Clarification of BHR "Diligence" Rules
December 19, 2017
Academics Jonathan Bonnitcha and Robert McCorquodale have published an article calling for clarification of the concept of "due diligence" under the UN Guiding Principles on Business and Human Rights (BHR) to reduce the legal uncertainty businesses face when determining the standard of conduct that applies to their operations and those of related actors.
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Bonn Summit Spurs New Climate Action Initiatives
December 19, 2017
At the recent UN climate summit in Bonn, Germany, several UN agencies and nongovernmental organizations announced an array of new initiatives that will seek to put pressure on public officials and private companies to ramp up their financial and other commitments to reduce greenhouse gas emissions under the UN's Paris climate accord.
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