Business & Human Rights

  • UN Agent Pushes Global Tax Information Exchange

    April 14, 2016

    In response to the release of the "Panama Papers," which show funds secretly stored offshore by individuals and corporations, the UN Independent Expert on foreign debt and human rights, Juan Pablo Bohoslavsky, has called for a global tax information exchange in order to reduce tax avoidance and facilitate the funding of nontraditional economic, social, and cultural rights.

  • OECD Chief Criticizes Panama's Financial Secrecy

    April 14, 2016

    In response to the "Panama Papers" leak, in which media outlets publicized funds secretly held in Panama by individuals and corporations, Organisation for Economic Co-operation and Development ("OECD") Secretary-General Angel Gurría has called on Panama to implement the OECD's global tax transparency standards to prevent the hiding of offshore funds.

  • NGO: Governments Must Force Banks to Respect BHR Agenda

    April 14, 2016

    The German nongovernmental organization Facing Finance has published a report asserting that banks have failed at self-regulation on business and human rights ("BHR") and environmental issues and calling on governments to impose BHR and environmental reporting requirements on financial companies.

  • Mining Company Touts BHR, Sustainability Reporting

    April 14, 2016

    Newmont Mining Corporation has announced that it has become the first mining company to use the Reporting Framework for the UN Guiding Principles on Business and Human Rights ("BHR") to publicize its implementation of the global BHR agenda, and has also reported on its "sustainability" efforts using standards produced by the Global Reporting Initiative.

  • Oxfam Seeks Global Conference on "Tax Havens"

    April 13, 2016

    Citing leaked information from the "Panama Papers" showing the storage of corporate money in a country with low financial transparency, the nongovernmental organization Oxfam has called for the World Bank and International Monetary Fund to organize a "global tax summit" to clamp down on "tax havens" that Oxfam says deprive countries of revenue needed for public services.

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