financial crime

Civil Society FfD List Sign-on Letter: Implementation of UN Resolution on International Tax Cooperation

Photo: https://csoforffd.org/

We invite you all to sign on to the letter, and the deadline for doing so is Friday 16 December 2022. You can find the letter here and the form to sign on is here. 

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To the kind attention of:

Permanent Representatives and Permanent Observers to the United Nations in New York

United Nations Secretariat, Agencies and Programmes

 

X December 2022

 

Subject: Implementation of UNGA Second Committee resolution on promotion of inclusive and effective international tax cooperation at the United Nations (A/C.2/77/L.11/Rev.1)

 

Your Excellencies distinguished representatives of UN Member States,

 

We, the undersigned civil society organisations and trade unions, strongly support and welcome the UNGA resolution on promotion of inclusive and effective international tax cooperation at the UN (A/C.2/77/L.11/Rev.1). We commend the Africa Group for its excellent leadership on this issue and for finally ensuring implementation of the long-standing demand of developing countries for a UN intergovernmental negotiation process on international tax. We urge all UN Member States to maintain and reinforce the spirit of international cooperation that resulted in the adoption by consensus of this historic resolution. 

 

Furthermore, we are writing to you with a call for all governments to work constructively towards the urgent and efficient implementation of the resolution. This includes: 

 

  1. Supporting a speedy approval in the UNGA Fifth Committee of the required budget allocation for the implementation of the resolution, in line with the related Programme budget implications analysis (A/C.2/77/L.75). The budget requirement, totaling US$ 432,700, was presented to Member States ahead of the adoption of the resolution. We now count on all UN Member States to stand by the consensus agreement reached with the resolution and confirm the allocation of the required resources. We also urge all UN Member States to keep in mind that international tax cooperation is urgently needed, not least to combat tax-related illicit financial flows, which are costing governments hundreds of billions of dollars in lost tax income every year. This must therefore be a matter of high importance and urgency.

 

  1. Supporting strong stakeholder involvement in the consultation process related to the UN Secretary General’s report as mandated by the resolution. We strongly welcome the fact that stakeholder consultation is explicitly included in the text of the resolution, and we stand ready to make our contributions. We, the undersigned civil society organisations and trade unions, bring in-depth knowledge from all regions of the world about the devastating impacts of the failure of international tax cooperation, including the continued bleeding of public resources in the form of illicit financial flows. We also bring concrete and specific proposals for solutions, including for how a future UN Convention on Tax could be designed. 

 

  1. Supporting a strong intergovernmental UN process to strengthen international tax cooperation. Through the resolution, all UN Member States have agreed to “begin intergovernmental discussions in New York at United Nations Headquarters on ways to strengthen the inclusiveness and effectiveness of international tax cooperation”. We strongly welcome this vital initiative, and stress the importance of moving forward with urgency. As stated in the adopted resolution, combating illicit financial flows is an essential development challenge, and developing countries are particularly susceptible to the negative impact of illicit financial flows. Therefore, we believe that the modalities for the foreseen process must be adopted as a matter of high priority, and this should take place no later than the seventy-eighth session of the UN General Assembly. Furthermore, we would like to stress the importance of ensuring that the modalities provide for a transparent and inclusive member state-led negotiation process with full participation of stakeholders, including civil society. 

 

Despite the fact that international tax rules and standards affect all countries and people of the world, there has until this point been no inclusive international body where all countries were able to participate on an equal footing in the decision-making on international tax matters. This injustice is at the heart of the failure of the international tax system, which has continued to be characterised by injustice, inefficiency, incoherence, unilateral actions and beggar-thy-neighbor policies. All countries have paid a high price for this failure, but the impacts on developing countries have been particularly hard. The UN remains the only truly universal body where all countries participate as equals, and the consensus adoption of the UN resolution, including the decision to begin intergovernmental discussions on international tax matters under the auspices of the UN, constitutes a truly historical shift towards fairness and inclusivity. 

The urgency of this matter cannot be overstated. In light of the Covid-19 pandemic and the “cost of living crisis”, the fight to increase domestic resource mobilisation and combat illicit financial flows has never been more vital. In 2021, the State of Tax Justice report estimated that countries around the world are losing over US$450 billion per year due to international tax dodging and abuse by multinational corporations and wealthy individuals. Faced with the challenges of financing the achievement of the Sustainable Development Goals and combatting the global environmental crises, it is clear that the international community must take urgent action to strengthen international tax cooperation and stop the immense bleeding of public resources. 

We remain at your disposal if you would like to receive more information or would like to meet to discuss this issue further. 

 

Yours sincerely,

Civil Society Financing for Development Group (www.csoforffd.org)

 

Signatories

 

  1. Civil Society Financing for Development (FfD) Group
  2. Global Alliance for Tax Justice (GATJ): Alliance of five continental tax and fiscal justice networks in Asia (Tax & Fiscal Justice Asia), Africa (Tax Justice Network Africa), Latin America (Red de Justicia Fiscal de América Latina y el Caribe), Europe (Tax Justice-Europe) and North America (Canadians for Tax Fairness & FACT Coalition), collectively representing hundreds of organisations. 
  3. European Network on Debt and Development (Eurodad)

 

2022 SDG Investment Fair

It’s not too late to register to the December 2022 SDG Investment Fair! The upcoming edition of the Fair is going to be held virtually on 1-2 December and offers a chance to hear from projects teams in Ethiopia, Armenia, Eswatini, and Malawi pitching bankable SDG-aligned projects in hydropower, sustainable agriculture, telecommunications and more. The Fair also features exciting panel discussions and policy roundtables on:

  • Enhancing public-private collaboration for sustainable development in the Least Developed Countries

Thursday, 1 December, 09:00 – 09:30 (EST)

  • Fostering Private Infrastructure Investment in LDCs

Thursday, 1 December, 11:10 – 12:00 (EST)

  • Strengthening country and regional ecosystems to scale-up private sector participation in advancing SDG financing

Friday, 2 December, 10:00 – 10:50 (EST)

  • Mobilizing investments for the SDGs through innovations in data

Friday, 2 December, 11:00 – 11:50 (EST) View the full programme here.

Register today by filling out this brief form.

For more information about the Fair, visit un.org/development/desa/financing/events/december-2022-sdg-investment-fair.

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CoNGO Notes: For more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on the Rights of Indigenous Peoples, please visit facebook.com/NGOCoRIP. For more information on the NGO Committee on Social Development, please visit ngosocdev.org.

State of Big Tech: Dismantling Digital Enclosures

IT for Change invites you to the State of Big Tech Dialogue, an online panel discussion to mark the launch of our upcoming report,  State of Big Tech: Dismantling Digital Enclosures on the 21st of November,  from 7:00- 9:00 PM IST / 2:30 to 4:30 PM CET / 8:30 to 10:30 AM EST.

We invite you to come listen to a panel of key voices – including some of the the volume’s contributors – reflect on the report, the state of the contemporary struggle against Big Tech, the stakes around important battle-grounds being formed today, as well as the potential inherent in current forms of resistance and projects for building an alternative digital economy.

Please register here and a personalized zoom link will be emailed to you.

About the State of Big Tech:

Envisioned as an evolving, year-on-year endeavor that will track and unpack the developments in the Big Tech space, our debut edition of the State of Big Tech is a powerful volume of essays that brings together important perspectives on the corporatization of digital technologies from across regions and constituencies, that touch upon themes including data value chains, sectoral deep-dives, regulatory stalemates, the neo-colonial dimension of the digital economy, the state of platform labour, as well modes of resistance and experiments in building progressive models  towards new digital futures.

Complemented with stunning and evocative art work and select expert interviews, the compendium is a critical, inspiring and original contribution that attempts to capture the current phenomenon of digital capitalism.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Education, Learning, and Literacy, please visit facebook.com/NGOCELLatUN. For more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on Social Development, please visit ngosocdev.org. 

President of the General Assembly Town Hall meeting with Civil Society Organizations

Dear civil society colleagues,

You are kindly invited to join the President of the General Assembly for a Town Hall meeting with Civil Society in the Trusteeship Council Chamber (UN Headquarters, NY) on 2 December 2022, from 10:00 am to 12:00 pm. The meeting will also be webcast live on UN WebTV.

Background and Objective

In his vision statement, His Excellency Csaba KŐRÖSI, President of the seventy-seventh session of the General Assembly stated “It is my intention to hold impact-oriented consultations with civil society organizations, youth representatives, science-based knowledge centres and representatives of business communities, key finance institutions and faith-based organizations. I hope to be able to encourage them to bring their contributions to the General Assembly while keeping in mind the interlinked nature of the risk factors we face and the integrated character of the solutions we need.”

The PGA has further asserted that a more effective and responsive United Nations will require engagement with an array of relevant stakeholders, including civil society, businesses, philanthropic organizations, academia, the scientific community, and other partners on the key issues under discussion in the General Assembly. While Member States remain the decision-makers of the United Nations, all stakeholders must assume their role as decision-shapers.

In this light, the PGA will convene a Town Hall with civil society representatives to discuss his priorities for the seventy-seventh session, with a particular aim to hear proposals for solutions directly from civil society representatives. This Town Hall is supported by the Department of Global Communications, with additional support by the Department of Economic and Social Affairs and the Office of the High Commissioner for Human Rights.

Format

The moderated event will consist of an opening statement by the President of the General Assembly followed by five short keynote statements from civil society representatives that will address the following topics:

  • Solutions through solidarity:  The pandemic has demonstrated how solidarity within societies and among countries has an impact on social and economic stability and security. In times of crisis, focusing on the needs of the poorest and most vulnerable is more important than ever. Civil society is on the ground. What does sustainable solidarity look like?
  • Solutions through sustainability: We must get back on track to achieve the Sustainable Development Goals by 2030. Next year’s SDG Summit at the UN will be a key opportunity to take stock of gaps and recommit to the achievement of the SDGs. Best practices that can be replicated are needed. Civil society will play a key role in this endeavor.
  • Solutions though science: Our efforts to tackle global challenges such as climate change, biodiversity loss, the coronavirus disease (COVID-19) pandemic and the digital revolution have provided us with convincing proof of the role science can play in shaping decisions on complex issues. This transformative agenda must be based on scientific evidence and the political wisdom of negotiators.
  • Solutions from youth: It would be difficult to fix present crises and prevent new ones while adhering to the same mentality and logic that led to their onset. Youth already have a voice, but they need to be heard, particularly as every negotiating process affects them and future generations. In September, the General Assembly decided to establish a UN Youth Office to promote meaningful, inclusive and effective engagement of youth and youth-led organizations in the work of the UN.
  • Solutions through partnership: In times of interlocking crises, no country —without exception— can effectively address global challenges alone. Similarly, the complexities of these problems make it so that governments alone, even when working together, are unable to sustainably implement solutions without partnerships that reach beyond the State. Civil society participants are critical partners in highlighting best practices and lessons learned so that partnerships become the international default when addressing common threats.

The floor will then be opened for discussion and for questions from civil society representatives.

Logistics

Civil Society Organizations in consultative status with ECOSOC, formally associated with the Department of Global Communications, and other stakeholders are invited to attend the meeting in the Trusteeship Council Chamber in person.

All in-person participants are required to register in advance here.

For in-person events at the UN headquarters, the use of masks is strongly encouraged. By registering to attend in-person, all participants attest that their COVID-19 vaccination record is up to date to access the UN Headquarters complex in New York, based on the guidelines provided by local health authorities.

Please note: Civil Society Representatives are reminded to carry proof of COVID-19 vaccination while on UN premises in New York and must be prepared to show them if requested to do so by UN personnel.

To register an interest in delivering a keynote statement, please fill in the online form here no later than 14 November. CSO representatives will be selected by taking into account geographical and gender balance, as well as thematic diversity.

Due to time limitations, it will not be possible to accommodate all requests for interventions. A limited number of speakers will be contacted by the Secretariat. We appreciate your understanding. The time for interventions will be limited to 4 minutes for each speaker.

To ensure a wider participation from all geographical regions, CSO representatives will also have the opportunity to submit pre-recorded questions, a selection of which will be presented during the questions and answers segment of the event. Please register your interest in submitting a pre-recorded question here no later than 14 November.

Provisional Programme

  • Introductory remarks by moderator
  • Opening statement by the President of the General Assembly
  • Remarks by keynote speakers from Civil Society Organizations
  • Discussions, questions and answers with the PGA
  • Closing statement by the President of the General Assembly

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CoNGO Notes: For more information on the NGO Committee on Education, Learning, and Literacy, please visit facebook.com/NGOCELLatUN. For more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on Language and Languages, please email the co-chairs at tonkin@hartford.edu or fmhult@umbc.edu. For more information on the NGO Committee on Disarmament, Peace, and Security, please visit ngocdps.wordpress.com. For more information on the NGO Committee on Intergenerational Solidarity, please email the chair at susanneseperson@gmail.com. 

Enhancing MDBs as Catalyzers of Private Finance

2022 FfD Forum side event: Enhancing MDBs as catalyzers of private finance

Wednesday, 27 April, 12:30 pm to 1:30 pm (EDT)

This event is being held as part of the programme for the SDG Investment Fair. For registration, please visit this link.

For more information about the Fair, visit https://www.un.org/development/desa/financing/events/april-2022-sdg-investment-fair.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. 

The global debt crisis and the role of private creditors

Sharing responsibilities as well as benefits? The global debt crisis and the role of private creditors

The results of the G20 initiatives to relieve the debt of the Global South, which has been hard hit economically by the pandemic, are sobering. Many eligible countries are reluctant to enter into negotiations. They fear that debt relief will cut off their long-term access to private capital markets and cause them to lose the confidence of private investors. These concerns have been reinforced by creditors, especially from the private sector. And the G20? Despite its commitment to private sector participation in the Common Framework for Debt Treatments, it has so far not found the political will to make such participation mandatory. However, this would be a key step to shield debtor countries from uncooperative creditors and achieve substantial debt relief.

In the run-up to the joint meeting of G20 health and finance ministers this October we have invited international experts from academia, government, and financial institutions to discuss the following questions among others:

  • Is there empirical evidence that debt relief excludes countries from much-needed development finance?
  • On what grounds could the participation from the private sector in official debt relief initiatives, comparable to other creditors, be expected?
  • In what ways can the G20 compel private sector participation and equal burden-sharing?

Further event details will be forthcoming, but please stay apprised of updates here: https://ny.fes.de/

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com. For more information on the NGO Committee on Sustainable Development-New York, please visit ngocsd-ny.org.

Public dialogue on the progress of the Inter-agency Task Force on Financing for Development

Dear colleagues,

You are cordially invited to an informal public dialogue on the progress of the Inter-agency Task Force on Financing for Development (IATF on FFD), in preparation for the 2022 Financing for Sustainable Development Report. The public dialogue will be held on the 21st of October (Thursday), 9:00 – 10:30 EDT, virtually via MS Teams.

Representatives from the Secretariat, the five major institutional stakeholders (World Bank Group, IMF, WTO, UNCTAD and UNDP), and other Task Force members will brief Member States and external stakeholders on their work. A short presentation will be followed by an interactive discussion to solicit feedback and input. We welcome the participation of all delegations and all stakeholders in this briefing and look forward to your contributions to the dialogue.

If you are interested in attending the briefing, please click here to register and you will receive a specific calendar invitation for the event.

Background information on the briefing is available on the Task Force website. For further information please contact Mr. Peter Chowla (chowla@un.org), Ms. Poh Lynn Ng (ng6@un.org), and Ms. Jie Wei (weij@un.org).

Kind regards,

Navid Hanif

Director, Financing for Sustainable Development Office, Department of Economic and Social Affairs, United Nations

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

World Bank + IMF Annual Meetings

The 2021 Annual Meetings of the World Bank Group and the International Monetary Fund will take place from Monday, October 11, through Sunday, October 17. All public and by-invitation-only events—including the Program of Seminars and other public events, ministerial meetings, CSO engagements, and press conferences—will be virtual and accessible on World Bank digital platforms. To accommodate time-differences, events may take place outside of the principal week.

At the heart of the Annual Meetings are the Annual Meetings plenary speeches, the joint World Bank Group/IMF Development Committee, and the IMF International Monetary and Financial Committee. Other featured events include regional briefings, press conferences, and fora focused on the global economy, international development, and the world’s financial markets.

Registration will open in mid-August. Information about the schedule of the 2021 Annual Meetings will be posted soon – check back regularly for updates here: worldbank.org/en/meetings/splash/annual

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org.

UNCTAD Trade and Development Board 32nd special session

The thirty-second special session of the Trade and Development Board will start on Monday, 6 September 2021 in hybrid format. The session will open at 10 a.m. in room XVIII of the Palais des Nations, Geneva. The provisional agenda for the session, together with the secretariat’s annotations thereto, will be contained in document TD/B(S-XXXII)/1.

Nominations and participation

Registration should be completed online and is required in order to be included in the list of participants. To register, please use the following link: Thirty-second special session. Other participants (i.e. representatives of members of UNCTAD that are not members of the Board and representatives of specialized agencies, non-governmental organizations and intergovernmental bodies wishing to attend as observers) are also eligible to participate in the session as observers and should register online by the same date using the link above. Any enquiries concerning registration should be sent to the UNCTAD secretariat, Intergovernmental Support Service, Palais des Nations, CH-1211 Geneva 10; email: meetings@unctad.org.

Logistics

Preparations to organize the meeting through a remote simultaneous interpretation platform with the six official languages of the United Nations are at an advanced stage. The link to the formal virtual meeting will be sent to the email address used for registration one day in advance of the start of the session.

Further information and contact details

Questions on preparations for the thirty-second special session of the Trade and Development Board should be addressed to Lisanne Losier, Deputy Secretary of the Trade and Development Board, Intergovernmental Support Service, email: correspondence@unctad.org; tel.: 41 22 917 4054.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Education, Learning, and Literacy, please visit facebook.com/NGOCELLatUN. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. 

Financing a sustainable recovery: the role of debt-relief instruments

Dear Colleagues,

Please join us for an HLPF Side Event on “Financing a sustainable recovery: The role of debt-relief instruments.”

This virtual side event, which is part of the Financing for Development in the Era of COVID-19 and Beyond Initiative, is jointly organized by UN DESA and UN Economic and Social Commission for Western Asia (UN ESCWA), with participation of UN Economic Commission for Latin America and the Caribbean (UN ECLAC) and UN Economic and Social Commission for Asia and the Pacific (UN ESCAP) and the IMF.

The event brings together UN and other international experts to present and explore efforts to develop instruments for debt relief and restore fiscal space, for countries’ COVID response, climate action and the SDGs. The session aims to strengthen international and regional discourse on debt relief, especially in relation to climate change and the upcoming COP26.

The side event will take place on Thursday, 15 July 2021 (7:30 am – 9:00 am, New York/EDT) on WebEx.

Click here to register for the event and for more information, including the full concept note.

We welcome the participation of all stakeholders. You are most welcome to share this invitation with your networks.

Kind regards,

Navid Hanif

Director, Financing for Sustainable Development Office
Department of Economic and Social Affairs, United Nations

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org. 

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