tax havens

Special session of the General Assembly on challenges and measures to prevent and combat corruption and strengthen international cooperation

Special session of the General Assembly on challenges and measures to prevent and combat corruption and strengthen international cooperation

United Nations Headquarters, June 2-4, 2021,

For the upcoming General Assembly Special Session (UNGASS) against Corruption, kindly note the following guidelines for NGOs in consultative status with ECOSOC, as per resolutions 73/191 and 74/276, as well as decisions 74/568 and 75/562 entitled “Special session of the General Assembly against corruption”:

  • According to Paragraph 2 (d) of UN General Assembly resolution 74/276, representatives of non-governmental organizations in consultative status with the Economic and Social Council are invited to participate in the special session in accordance with the established practice of the General Assembly.
  • In line with this paragraph, the representatives of non-governmental organizations in consultative status with ECOSOC are invited to register to participate in the special session by Wednesday, 5 May 2021, until 5:00 p.m. Proceedings of the special session will be webcast and all ECOSOC accredited NGOs will be provided by DESA with the link to the UN Web TV, where the proceedings of the special session can be virtually followed live. Additional information related to the special session can also be accessed in advance through the website of the Office of the President of the General Assembly (https://www.un.org/pga/75/special-session-against-corruption/) which will be regularly updated.
  • Additionally, as per paragraph 2 (c) of resolution 74/276,  plenary meetings of the special session shall include “statements by […] and, time permitting, a limited number of representatives from relevant organizations attending the special session, in line with subparagraphs (d) and (e) below, selected by the President of the General Assembly, in consultation with Member States, with due regard for geographical balance and gender equity…”
  • Should your organization also wish to be considered for making a statement at the plenary meeting, time permitting and if selected in accordance with the General Assembly resolution 74/276, please indicate your interest to DESA by no later than 5 p.m. on Wednesday, 5 May 2021

*Please note that this indication does not guarantee a speaking opportunity. Only a limited number of representatives from relevant organizations, selected by the President of the General Assembly in accordance with resolution 74/276 will be contacted in due course.

  • As per subparagraph (a) of General Assembly decision 75/562,  those who are invited to participate in line with paragraphs 2 (d) and (e) of its resolution 74/276, may submit a pre-recorded statement, which would be played in the General Assembly Hall after introduction by the President of the General Assembly at the special session.

To register their interest, NGOs are therefore invited to do so at: https://indico.un.org/event/35977/ by no later than Wednesday, 5 May 2021, by 5:00 pm.

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CoNGO Notes: 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 Financing for Development, please visit ngosonffd.org.

UN Webinar on the COVID-19 Impact on Transfer Pricing

The COVID-19 outbreak is not only a health crisis, but a jobs crisis, a humanitarian crisis and a development crisis of unprecedented scale and dimension and it demands unprecedented efforts, including to finance the response and recovery.

The UN Webinar on the COVID-19 Impact on Transfer Pricing will be a 4-hour virtual learning event on the COVID-19 pandemic impact on the policy and administrative aspects of the transfer pricing analyses for developing countries in their efforts to mobilize domestic resources for response and recovery. Given the relevance of the topic to stakeholders from all regions and multiple disciplines, the event will be open to the public. The forthcoming update of the Manual on Transfer Pricing for Developing Countries, approved by UN Committee of Experts on International Cooperation in Tax Matters in its 21st Session, will be considered in light of the COVID-19-related crisis.

Register here!

The webinar is designed to:

• Give participants a better understanding of how the COVID-19 pandemic has disrupted business’ value chains and how the rapid changes and economic downturn have impacted the transfer pricing position of taxpayers and posed a challenge to tax administrations in assessing transfer prices under these circumstances.

• Identify some of the specific issues faced by developing countries on the impact of the COVID-19 pandemic on the transfer pricing position of their taxpayers and suggest practical solutions to these challenges.

• Give particular attention to the issue of the lack of local comparables to undertake the transfer pricing analysis based on the arm’s length principle. It is acknowledged that this issue is not exclusive of the COVID-19 pandemic, but has been exacerbated by it.

• It is acknowledged that while many businesses have incurred losses, some may have experienced extraordinary gains. It is important for developing countries to identify these different circumstances and have a better understanding of how to deal with extraordinary losses, as undue treatment of losses can further erode the tax base.

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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

[UNCTAD Seminar] Building Economic Resilience in Small Island Developing States

UNCTAD and the Commonwealth Secretariat will host an online seminar on “Building economic resilience in small island developing States” on 4 March 2021, from 3 to 5 p.m. CET.

Register here!

Background

The coronavirus disease of 2019 (COVID-19) pandemic has exacerbated the significant vulnerability of small island developing States to external shocks and has unleashed an unprecedented socioeconomic and financial crisis. The pandemic has also compounded the lingering effects of the financial crisis of 2008/09, following which many small island developing States borrowed to underwrite deficit spending and spur economic growth. Already burdened with high debt service costs at the start of the pandemic, many small island developing States lack the fiscal space to respond to the extraordinary needs created by the pandemic.

To break this cycle of recurring crises and incomplete recoveries, small island developing States strive to build their resilience to environmental and economic shocks. In support of this important quest, in 2014, member States, in the SIDS Accelerated Modalities of Action (SAMOA) Pathway, reaffirmed their “commitment to take urgent and concrete action to address the vulnerability of small island developing States”, taking into account their “individual country circumstances”. Economic development strategies provide a blueprint for Governments and incentives for the private sector to invest in new industries and infrastructure, ideally spurring a cycle of economic growth and structural transformation, towards a resilient economy and sustainable long-term development. In this context, UNCTAD and the Commonwealth Secretariat will hold this seminar for member States on building economic resilience in small island developing States, to present their ongoing work and exchange views with member States on alternative development strategies for small island developing States and other small States.

The specific objectives of the seminar are to:

Inform SIDS and small States of assistance provided by UNCTAD and the Commonwealth; Foster debate on “alternative development strategies for diverse SIDS” based on joint UNCTAD-Commonwealth research; and Identify next steps, including further research, policy analysis and technical assistance.

Speakers:

  • Mr. Paul Akiwumi Director, Division for Africa, LDCs and Special Programmes (ALDC), UNCTAD
  • Dr. Arjoon Suddhoo Deputy Secretary-General, Commonwealth Secretariat
  • HE Mr. Chad Blackman PR of Barbados to the UN in Geneva Coordinator of the SIDS Group in Geneva
  • Mr. Pierre Encontre Chief, SIDS and Status Issues Section, UNCTAD
  • Dr. Ruth Kattumuri Senior Director, Economic, Youth & Sustainable Development Directorate, Commonwealth Secretariat
  • Mr. Kris Terauds Economist, SIDS and Status Issues Section, UNCTAD
  • Mr. Paul Akiwumi UNCTAD

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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.

[Monthly Meeting] NGO Committee on Financing for Development

Dear Colleagues,

We hope all of you are doing well.  This is a reminder for the next NGO Committee on Financing for Development meeting that will take place by Zoom on March 3 from 1:00- 3:00 pm EST.

Registration for access to the Zoom link available here: https://us02web.zoom.us/meeting/register/tZ0td-GspjsrHtfM9kwJmPggiJiHQMwHdCKc

Agenda includes:

  • Philipp Erfurth, Economic Affairs Officer, UN Financing for Sustainable Development Office will be providing a briefing on FfD matters
  • Briefing on the International Rescue Committee report “COVID-19 and Refugees’ Economic Opportunities, Financial Services and Digital Inclusion”
  • Anneleen Vos | Senior Policy Officer – Economic Programmes, International Rescue Committee and Prof Dr Hans-Martin Zademach , Katholische Universität Eichstätt-Ingolstadt in Germany

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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 Migration, please visit ngo-migration.org.

Launch of FACTI Panel Final Report

The FACTI Panel is the High Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda. It aims to improve the world’s chances of achieving sustainable development by making recommendations that both strengthen current efforts to combat illicit financial flows, and close remaining gaps in the international system.

The FACTI Panel is set to launch its final report at 8:00-10:30 (EST) on Thursday, 25 February 2021. The event will be conducted virtually with simultaneous interpretation for all UN official languages.

All interested participants can register by clicking the registration link below and filling out the form. After registering the FACTI Panel Secretariat will directly send you connection details to attend the launch.

Register here.

Read the FACTI Panel interim report here.

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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-New York, please visit ngocsd-ny.org.

Virtual Briefing for UN Permanent Representatives on the FACTI Panel’s Work

The FACTI Panel will hold a virtual briefing to update the Permanent Representatives of Member States on the Panel’s progress on Friday, 11 December 2020, from 9:00 AM-11:00 AM (EST), 14:00-16:00 (UTC).The meeting will also provide an opportunity for an interactive discussion on the Panel’s workPlease find the time in your local zone here. Kindly find attached the Concept Note with the Agenda.

Join on your computer or mobile app: Click here to join the meeting

Join with a video conferencing device: unitevc@m.webex.com

Video Conference ID: 128 520 745 0

Alternate VTC dialing instructions

Learn More | Meeting options

High Level Panel on International Financial Accountability, Transparency & Integrity for Achieving the 2030 Agenda
info@factipanel.org | @FACTIPanel | http://www.factipanel.org

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

Intersessional Meeting of the COP to the UN Convention Against Corruption: Asset Recovery

Intersessional meeting of the Conference of the States Parties to the UN Convention against Corruption: Thematic focus on asset recovery (Vienna)

This meeting is second of five preparatory meetings to be held before the Special Session of the General Assembly Against Corruption.

Tentative timeline available here: https://ungass2021.unodc.org/uploads/ungass2021/documents/session1/UNGASS2021_tentative_timeline.pdf

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CoNGO Notes: For more information 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

Launch of FACTI Panel Interim Report

Launch of the Interim Report of the High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda

High-Level Launch Event and Panel Discussion
24 September 2020, 12.00 – 14.30 (UTC) / 8.00 – 10.30 (EDT)

The event is being convened to present the interim report of the FACTI Panel, which identifies the major gaps in implementation and the systemic shortcomings of the existing international frameworks for tax cooperation, anti-corruption, anti-money laundering. It will provide a high-level forum for discussing the priority actions for addressing the identified challenges, particularly in light of the impact of the COVID-19 crisis on progress toward the implementation of the 2030 Agenda for Sustainable Development.

The event will bring the FACTI Panel chairs together with high-level representatives from Member States. It will also foster a discussion amongst civil society, international institutions, academia and the business sector to explore the issues highlighted in the FACTI Panel’s interim report.

The event will consist of two parts: a high-level segment and a moderated panel discussion among invited speakers with a brief interactive dialogue.

*Registration is required. Please register here to receive the connections details.

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

[Virtual HLPF Side Event] Overcoming systemic challenges to address hunger, unemployment and healthcare

Overcoming systemic vulnerabilities and financing challenges for a fairer and sustainable future- intentional collaborative actions to address hunger, unemployment and healthcare in the context of COVID-19

A virtual conversation organized by the NGO Committee on Financing for Development-NY

Panel discussion: 8:00 – 9:00 am New York Time
Breakout session: 9:00 – 9:30 am

Register by July 12: https://us02web.zoom.us/meeting/register/tZUuf-ihrjkvHdblKZvD5FxOqkbpFnnjd1U_

According to recent figures from the World Food Program (WFP), lives and livelihoods of 265 million people in low and middle-income countries will be under severe threat as a result of corona virus pandemic. This is nearly double the 135 million people in 55 countries that the Global Report on Food Crises 2020 has estimated as facing acute hunger as a result of conflict, the impact of climate change and economic crisis prior to the onset of COVID-19. ILO estimates that as many as 25 million people could become unemployed, with a loss of workers’ income of as much as USD 3.4 trillion due to COVID19 globally. The evidence from the drastic effects of the pandemic clearly speaks to a broken system , social safety nets, health care, and social protection systems, that are either severely lacking or completely missing and that will continue to amplify poverty and income, wealth, health, gender, trade, debt and market inequalities in many of the developing and least developed countries.

As Dr. Tedros Adhanom Ghebreyesus shared, “The best defense against disease outbreaks and other health threats is preparedness, which includes investing in building strong health systems and primary health care. […] If we don’t invest in both, we will face not just health consequences but the social, economic, and political fallout that we’re already experiencing in this pandemic.” Now is the time to reevaluate, invest where it is needed the most, and fix these broken systems, because if we do not nobody else will.

The panel will explore financing challenges in the aftermath of COVID -19 and strategize on how best to build effective collaboration and partnerships between, pubic private and civil society organizations to address hunger, unemployment and healthcare. Panelists will share specific challenges faced by migrants, women, workers in the informal and agricultural sectors, and micro small and medium enterprises as they strive to revive their livelihood and economy. We will hear voices from the communities most impacted by the lock downs and fall-out from COVID-19. Panelists will also share positive impacts of measures they have taken to address the challenges and propose further action to reevaluate, reinvest and rebuild.

Moderator:

Anita Thomas, Chair, NGO Committee on Financing for Development

Speakers:
Harsh Mander, Director, Center for Equity Studies, India
Ziada Nabembezi Zalwango, Co-Founder and Programs Director at ZACHEDO, Uganda
UN Member State Representative (TBC)
Representative from ILO (TBC)
Representatives from Sub-national Government / Planning Forum, Kerala, India (TBC)

Cosponsoring organizations:

Virginia Gildersleeve International Fund (DBA Women First International Fund), Salesian Missions Inc., New Humanity Focolare Movement, Global Foundation for Democracy and Development

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CoNGO Notes: The NGO Committee on Financing for Development is a substantive committee of the Conference of
NGOs in Consultative Relationship with the United Nations. To learn more about the work of the Committee, visit ngosonffd.org.