The Green Party will begin a week long campaign on Monday (25 April) to highlight the significant contribution the European Union makes in tackling corporate power.
Greens for a Better Europe [1] will also showcase its MEP’s achievements in the European Parliament on the issue and detail the consequences of corporate power no longer being checked by the EU [2].
Economy and finance spokesperson, Molly Scott Cato MEP said:
“With corporations operating across borders, we need European and international cooperation to curtail their power. So if we did not have the EU we would have to invent a body like it to resist corporate power.
“Through my work on the tax committee in the European Parliament I see clearly how the Tories give the green light to global corporations dodging their tax by consistently blocking EU measures to challenge corporate tax avoidance.
“Greens would like to see the Commission and the European Parliament go further and faster in introducing measures to tackle corporate tax dodging but recent proposals on public country by country reporting (CBCR), pushed by the Greens, are definitely a big step forward. CBCR helps create the transparency needed to hold corporations to account. This is another example of where the EU is more progressive than the Tory government which is at best lukewarm on genuine transparency.”
ENDS
Notes:
[1] https://www.greenparty.org.uk/news/2016/03/10/greens-for-a-better-europe-to-launch-14-march/
[2] * European Parliament Special Committee on Tax Rulings set up after LuxLeaks
* European Parliament applies pressure on Commission for action
* Anti-Tax Avoidance Package proposed in January 2016
* Panama Papers have given extra motivation for action
* EP also has new Committee investigating Panama Papers.