Arab Today, arab today eu deal to tackle mining corruption
Last Updated : GMT 10:36:23
Arab Today, arab today
Arab Today, arab today

EU deal to tackle mining corruption

Arab Today, arab today

Arab Today, arab today EU deal to tackle mining corruption

Brussels - AFP

EU legislators struck an anti-corruption deal Tuesday that aims to force big mining companies to make public the payments they make to governments where they operate, officials said. Bargaining between EU member states and European Parliament MEPs delivered the deal focused on companies with turnovers of at least 40 million euros, total assets worth 20 million or 250 employees, European Union Markets Commissioner Michel Barnier said in a statement. The agreement covers \"disclosure requirements for the extractive industry and loggers of primary forests and on simpler accounting requirements for small companies.\" Barnier, a former French foreign minister, said the extractive business was \"far too often shrouded in secrecy\", and that the new legislation would therefore \"help fight tax evasion and corruption.\" It \"shows how EU legislation can be a catalyst for change in developing countries,\" he added, arguing that communities in resource-rich territories \"will finally be better informed about what their governments are being paid by multinationals for exploiting oil and gas fields, mineral deposits and forests.\" The Oxfam charity, which campaigns on behalf of developing countries, said the accord was to be welcomed. \"It\'s excellent news that the EU is moving towards a law that will help ordinary people harness the natural resource wealth of their countries to be lifted out of poverty,\" said Catherine Olier, Oxfam\'s EU development expert. But at the same time, the \"EU politicians today could have taken a bolder stance against tax evasion and corruption by including other sectors such as telecommunications or construction,\" Olier said in a statement. \"Strikingly, poor countries lose more to tax dodging than they receive in aid each year.\" The accord must now go to be approved by the 27 EU member states.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu deal to tackle mining corruption Arab Today, arab today eu deal to tackle mining corruption

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu deal to tackle mining corruption Arab Today, arab today eu deal to tackle mining corruption

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday