Upcoming Events

International | Miscellaneous

no events match your query!

User Preferences

  • Language - en | ga
  • text size >>
  • make this your indymedia front page make this your indymedia front page

Blog Feeds

forward

Irish Left Review
Joined up thinking for the Irish Left

offsite link On the ?Unelectable? Jeremy Corbyn Tue Jul 28, 2015 15:28 | Ian Maleney

offsite link Reality and Myth of the US ?Internet Revolution? ? And its lessons for China Wed Jul 22, 2015 13:45 | John Ross

offsite link Ghosts of Alternatives Past Fri Jul 17, 2015 12:28 | Helena Sheehan

offsite link No Country for Young People Fri Jul 17, 2015 12:14 | Michael Taft

offsite link Strengthen Ties with the People and Maneuver Cleverly: The Tasks of the Greek Ra... Wed Jul 15, 2015 14:22 | Christos Kefalis

Irish Left Review >>

Spirit of Contradiction

offsite link SYRIZA: Was capitulation inevitable? Fri Jul 17, 2015 14:14 | Sami El-Sayed

offsite link The four contradictions of liberalism Fri Jul 17, 2015 13:52 | yeksmesh

offsite link Between Ideology and Public Discourse Tue Jul 14, 2015 15:07 | Gavin Mendel-Gleason

offsite link Commentary and Discussion to the Syriza Victory in the Greek Referendum Mon Jul 06, 2015 01:10 | Jerome Nikolai Warren

offsite link Trotsky and TTIP: how secret diplomacy serves elite interests Tue Jun 09, 2015 16:02 | yeksmesh

Spirit of Contradiction >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Labour TD Derek Nolan is a hypocrite

offsite link Corruption: Feeding off the carcass of Irish democracy Anthony

offsite link Denis O’Brien gets yet another contract…on another planet Anthony

offsite link Government making Irish Water too big to fail? Anthony

offsite link Is that baby an Irish citizen? Anthony

Public Inquiry >>

NAMA Wine Lake

offsite link Farewell from NWL Sun May 19, 2013 14:00 | namawinelake

offsite link Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake

offsite link Of the Week? Sat May 18, 2013 00:02 | namawinelake

offsite link Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake

offsite link Gayle Killilea Dunne asks to be added as notice party in Sean Dunne?s bankruptcy Fri May 17, 2013 12:30 | namawinelake

NAMA Wine Lake >>

Jubilee USA Urges Business and Political Leaders at World Economic Forum to End Corporate Tax Avoidance and Support Responsible Solutions to Debt Crisis

category international | miscellaneous | news report author Friday January 24, 2014 19:28author by Arielle Retrosi - Jubilee USA Report this post to the editors

Washington, DC - Heads of state, financial ministers, celebrities and representatives from many of the worlds most powerful corporations are meeting in Davos, Switzerland for the 2014 World Economic Forum. This year's theme of the forum is "The Reshaping of the World: Consequences for Society, Politics and Business." The Forum has focused on income inequality, the impacts of low economic growth and climate change. In advance of this year's forum Oxfam International released a report that noted that the world's 85 richest individuals have as much wealth as 3.5 billion people or half the world's population.

"When one out of five people in the world lives in extreme poverty, it's critical to tackle the issues being discussed at the forum," noted Eric LeCompte, Executive Director of Jubilee USA Network, a religious anti-poverty organization. "It's important for leaders in Davos to reflect on the policies that are responsible for perpetuating extreme poverty."

Since the global financial crisis, more than 70 million people, mostly women and children, have moved into extreme poverty. The developing world loses nearly 1 trillion dollars annually due to tax avoidance and capital flight.

"Many of those gathering in Davos represent a who's who of global tax avoiders," shared LeCompte. "At recent G8 and G20 meetings a consensus emerged that corporate tax avoidance leads to inequality. Unfortunately, many corporations at the forum continue to use loopholes to avoid paying billions in taxes around the world. Companies from the tech sector, who play a big role in Davos, are among the worst offenders."

The World Economic Forum released analysis noting that economic growth was slow after the international financial crisis. Solutions for the crisis that was spurred by high debt burdens and speculation, are being discussed at the United Nations Conference on Trade and Development (UNCTAD), the G20 and the International Monetary Fund.

"It's important that global leaders are addressing the reality of how debt crises caused a global financial crisis," said LeCompte who serves on UN expert groups seeking solutions to financial crises. "The international financial system is like the wild west. We need an international bankruptcy process for countries and basic global rules on responsible lending and borrowing."

Available for Interview: Eric LeCompte, Executive Director
Contact: Arielle Retrosi, Interim Communications Director
arielle@jubileeusa.org / (o) (202) 783-3566 x101 (m) (518) 524-8789

Jubilee USA Network is an alliance of more than 75 US organizations, 300 faith communities and 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

© 2001-2015 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy