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A ”facelift” to the EIB: the EU financial arm needs forward-looking reforms

Originally published on Euractiv. By Xavier Sol | Counter Balance The European Investment Bank (EIB) celebrates this year its 60th anniversary. But the bank, founded in 1958, should now look forward and commit to becoming a more sustainable, accountable and transparent institution, writes Xavier Sol. This opinion piece refers to an open letter written by […]

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EIB must take these 10 actions towards fair taxation

Originally published by CTMfile. 3rd Apr 2018 by Bija Knowles The European Investment Bank (EIB) must clean up its act on fiscal matters and develop a more responsible taxation policy, says a report released today by Counter Balance, a European coalition of development and environmental non-governmental organisations. Xavier Sol, the director of Counter Balance, writes […]

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EU’s Main Lender Still Tied to Tax Havens, Watchdog Warns

Originally published on Bloomberg BNA. April 4, 2018 By Joe Kirwin The European Investment Bank continues to provide loans for development projects that involve companies or financial groups that either use or are based in tax havens, according to a watchdog group. The European Commission blocked EIB projects worth more than $1 billion in 2016 […]

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No more excuses: The EIB needs a responsible policy against tax abuses

Originally published on Euractiv. By Antonio Tricario and Xavier Sol Apr 3, 2018 The European Investment Bank is a public institution and supports projects in the name of EU policies. It is therefore high time for the EU bank to ask for more than what commercial banks do for the sake of justice and broader […]

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Entrevista – Xavier Sol: “El brazo financiero de la UE facilita la evasión fiscal, mientras la Comisión trabaja contra ella”

David Penado / 27-09-2016 El director de Counter Balance evalúa la forma en qué se ha estado invirtiendo el dinero de todos los europeos a través del Banco Europeo de Inversiones (BEI). Counter Balance es una alianza de 9 ONG, como el Observatorio de la Deuda en la Globalización (ODG), especializadas en el campo del desarrollo […]

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