"I want money!" - action on EIB loans to companies registered in tax havens

Action held outside the European Council in Brussels during the 51st annual meetings of the European Investment Bank by the Counter Balance coalition. The action aimed to raise awareness about EIB investments to companies registered in tax havens - loans which total in the billions of euros annually. How is it that an institution with an explicit mandate to promote development in the global South is financing companies who purposefully weasel out of paying revenues to the world's poorest governments, while extracting their natural resources and disrupting the livelihoods of local communities?

Category:

News & Politics

Tags:

• tax havens
• tax fraud
• EIB
• IFIs
• development
• Counter Balance
• environment