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Project Pushes for Corporate Responsibility in Iran
August 16, 2017
International lawyers have launched an Iran Business Responsibility project that seeks to push companies to adopt "responsible business standards," taking into account their human rights and environmental impacts, when they take advantage of the lowering of international sanctions on Iran by investing in the country.
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Academic Explores Legislation on BHR Due Diligence, Reporting
August 16, 2017
Justine Nolan University of New South Wales has published a paper exploring how the UN and global human rights and environmental activists have succeeded in pushing countries like Australia to force businesses to use "traditional corporate concepts," including "due diligence" and public reporting, to advance the business and human rights (BHR) agenda in their supply chains.
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EU Proposal Targets Tax Advisers on Profit Shifting
August 16, 2017
Reuters reports that the European Commission has proposed legislation requiring tax advisers to inform EU authorities of their assistance in "potentially aggressive tax planning arrangements" that help companies decrease their tax bills by shifting their profits to jurisdictions, including within the EU, that have lower corporate taxes.
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NGOs Criticize Germany's BHR Record
August 16, 2017
Deutsche Welle reports that the nongovernmental organizations Germanwatch and Misereor have released a report documenting instances in which German companies violated the UN Guiding Principles on Business and Human Rights (BHR) and calling on the German government to establish a stronger framework requiring businesses to respect rights when operating abroad.
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NGO Pushes for G20 Action on Corporate "Due Diligence"
August 15, 2017
Juliane Kippenberg of Human Rights Watch writes that the Group of 20 countries (G20) must support mandatory "due diligence" rules across its members legally requiring businesses "to assess, prevent, mitigate, and remediate harmful human rights impacts of their actions" across their global supply chains and publicly report on their suppliers.