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EU Parliament Will Consider Stricter Carbon Controls
June 20, 2016
According to Bloomberg, a report from Member of the European Parliament Ian Duncan is set to kick off discussions in the body over tightening controls over the EU's carbon market, through which businesses must pay for the greenhouse gas emissions they produce, to ramp up the cost of corporate emissions allowances as part of the EU's post-2020 agenda on climate change.
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IBA Adopts "Practical" BHR Guidance for Attorneys
June 17, 2016
The International Bar Association Council has adopted "practical" guidance for corporate lawyers around the world on how they should advise their clients in light of the legal and other impacts of the UN Guiding Principles on Business and Human Rights.
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EU Parliament Urges Stiffer Tax Avoidance Measures
June 17, 2016
The European Parliament has adopted a report welcoming the European Commission's proposals cracking down on corporate tax avoidance but calling for more stringent measures to require businesses operating in Europe to pay more taxes in EU member states.
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EU Parliament Creates Committee on "Panama Papers"
June 17, 2016
The European Parliament has voted to establish a special committee to investigate allegations that the European Commission and EU member states failed to enforce laws on money laundering and tax avoidance in the context of revelations from the so-called "Panama Papers," which showed the storage of corporate and individual funds in Panama.
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NGOs Push Stronger Governance of Diamond Industry
June 16, 2016
A press release from a coalition of nongovernmental organizations calls on governments and companies in the diamond industry to strengthen legal due diligence and reporting mandates in line with standards from the UN and the Organisation for Economic Co-operation and Development to prevent the funding of conflicts through diamond sales.
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