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VIDEO: The song of the EIB

On the occasion of the EU elections 2019, Counter Balance and its partners call the citizens’ attention on the bank of the EU – the European Investment Bank (EIB). What does it do? What are the challenges it has gone through so far? What the aspects that need improvement? And what can the citizens do […]

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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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EIB needs to commit to responsible taxation policy, NGO coalition says

Originally published on Euractiv. By Claire Stam – Apr 3, 2018 Version française ici. On the second anniversary of the Panama Papers tax scandal, the European coalition of development and environmental non-governmental organisations, Counter Balance, urged the European Investment Bank (EIB) to develop a comprehensive and responsible taxation policy. To back its claim, Counter Balance […]

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TAX HAVENS — EIB UNDER ATTACK

By Bjarke Smith-Meyer Originally published on POLITICO Pro Morning Exchange. Brussels NGO Counter Balance has hit out at the European Investment Bank for signing contracts with private equity funds that are based in tax havens. The NGO launched the attack in a report out today, proposing a list of key recommendations that the EIB should […]

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The EIB needs to lead by example on tax justice, says new report

Brussels, 3 April 2018 On the second anniversary of the Panama Papers and in the wake of the European Commission’s latest communication on EU anti-tax avoidance requirements on financing and investment operations, a new report by Counter Balance calls on the European Investment Bank (EIB) to develop a responsible policy and “show the way“ in […]

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European Parliament criticizes the EIB for lack of action on climate and taxation

8 March 2018 Today, the European Parliament approved a critical report on the activities in the financial arm of the EU – the European Investment Bank (EIB). This report sends a strong signal to the bank: it needs to step up its sustainability, transparency and accountability. Yesterday, in a debate in the plenary of the […]

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Civil society urges the EU Bank to lead on responsible taxation

On 12 January 2018, 13 NGOs and trade unions set a joint paper to the European Investment Bank (EIB) on its taxation policy. The signatories highlight that the revision of the EIB’s tax havens (NCJ) policy, foreseen in 2018, is a crucial opportunity to strengthen the tools the EIB uses to ensure its operations do […]

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New report: Towards a better model for public development banks

Today the NGO Network Eurodad published the report “Public Development Banks: Towards a better model” which proposes a blueprint for successful public development banks at national, regional and global level. With this blogpost, we highlight some of the issues raised in the report, and how they are relevant for the main institution we are monitoring: […]

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