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

Cedar Lounge
For lefties too stubborn to quit

offsite link This Week At Irish Election Literature 04:12 Fri Oct 24, 2014 | irishelectionliterature

offsite link Ah? that?s tax relief? 19:33 Thu Oct 23, 2014 | WorldbyStorm

offsite link Meanwhile, what?s this from the pensions ?industry?? 12:47 Thu Oct 23, 2014 | WorldbyStorm

offsite link A commentator writes about pensions? 12:47 Thu Oct 23, 2014 | WorldbyStorm

offsite link Sick kids and sick workers? 06:32 Thu Oct 23, 2014 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Global Finance, Money & Power: Lecture Seven - Bonds and Money Markets 08:26 Thu Oct 23, 2014

offsite link Irish Labour movement 1889-1924: Lecture Five - 1913 Lockout 09:47 Fri Oct 17, 2014

offsite link Global Finance, Money and Power: Lecture Six - Tax Havens 07:09 Thu Oct 16, 2014

offsite link Irish Labour Movement 1889-1924: Tutorial - Erin?s hope & Class in Ireland 13:44 Mon Oct 13, 2014

offsite link Irish Labour Movement 1889-1924: Lecture Four - Jim Larkin and Larkinism 09:15 Fri Oct 10, 2014

Dublin Opinion >>

Irish Left Review
Joined up thinking for the Irish Left

offsite link That Day has Come Thu Oct 23, 2014 10:45 | Anne Irwin

offsite link The Changing Pattern of Foreign Investment in China Wed Oct 22, 2014 13:36 | John Ross

offsite link Welcome to the New Tax Avoidance Scheme, Same as the Old Tax Avoidance Scheme Mon Oct 20, 2014 16:26 | Michael Taft

offsite link Revealed: EU science chief promised to be ?flexible? towards Israel?s war crimes Thu Oct 16, 2014 15:21 | David Cronin

offsite link Austerity is Over? Now Back to the Real World Wed Oct 15, 2014 17:21 | Michael Taft

Irish Left Review >>

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

© 2001-2014 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