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Economist: Corporate Tax Avoidance Threatens Civilization
February 16, 2017
Economist Paul Sweeney writes that the survival of civilization depends on multinational corporations like technology company Apple recognizing a duty, beyond shareholders, to the wider community in paying a "fair share" of taxes to the governments of countries in which they operate.
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NGOs Seek Corporate Support on Foreign Payments Rule
February 16, 2017
A coalition of nongovernmental organizations called Publish What You Pay has released an open letter to companies in the mining, oil, and gas industries calling on them to pressure the US Congress to maintain an Obama Administration rule, targeted for repeal by legislators, requiring these companies to report their payments to foreign governments.
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GRI Highlights Focus Areas for "Sustainability" Reporting
February 16, 2017
The Global Reporting Initiative (GRI) and think tank and advisory firm SustainAbility have published the findings of GRI's Corporate Leadership Group on Reporting 2025 on focus areas for future corporate disclosure in line with the UN Sustainable Development Goals, including reporting on climate change, human rights, and wealth inequality.
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White House Seeks Suspension of Minerals Rule
February 15, 2017
Reuters reports that a draft Trump Administration directive, citing large business costs related to a US Securities and Exchange Commission rule requiring disclosure of whether companies use "conflict minerals" from war-torn areas of Africa in their products, proposes a two-year suspension of the rule and a review of its consequences.
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Tribunal Allows Rights Claim Under Trade Treaty
February 15, 2017
An article by Naomi Briercliffe of Allen & Overy LLP describes how a recent case by an Argentina-Spain investment tribunal finding, in principle, that governments can recover remedies from private companies for violating the right to "adequate housing and living conditions" could provide a basis for future human rights claims against businesses under investment treaties.
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