15 April 2013
The Socialist International (SI) has repeatedly called for international regulation to prevent tax evasion, which is robbing our economies of trillions of dollars every year. The recent media investigation of this phenomenon comes as a resounding confirmation of our position.
In 2008, the SI created a Commission on the Global Financial Crisis, which highlighted the lack of effective international regulation and implementation mechanisms to stem tax avoidance and tax evasion.
Bank secrecy, offshore centres and tax havens rob national economies of capital vital to social welfare and sustainable growth. This escalating problem has greatly contributed to the increase of inequality in our societies, with global wealth now concentrated in the hands of a tiny minority. This has undermined democratic institutions, as politics are captured by powerful economic lobbies.
Countries facing drastic fiscal consolidation are further punished as the burden of adjustment falls squarely and unjustly on the weakest and most vulnerable groups, who cannot avoid paying their taxes.
The SI demands immediate action from international institutions, including the UN and the G20, to create a regulatory framework that will put an end to tax evasion. This framework should include incentives and rules that support effective action against tax havens and ensure more effective oversight of Credit Rating Agencies and derivative markets.
The SI Commission on the Global Financial Crisis has proposed the creation of a World Finance Organization that will set global standards, globalize enforcement, and eradicate tax havens.
We also need to consolidate and coordinate the adoption of innovative tools, such as a global Financial Transaction Tax. Such a tax would improve the transparency of financial markets, whilst ensuring a fair share of the burden and fair distribution of global resources. It would create new tax revenues, to replace the traditional taxation of capital and equity, which has been undermined by badly regulated globalization.
We welcome the fact that the SI Commission's proposals have already been adopted by the the European Parliament, the European Commission, and by Argentina, Brazil, and South Africa. We support the French President's, Francois Hollande, call for the fight against tax evasion. The President of the European Council, Herman Van Rompuy, has just announced that this issue will be on the European Council's Agenda in May. However, the European Council has paid lip service to this issue in the past so the SI now expects decisive action, not simply statements of good intent.
The G20 should also take bolder action to push for the implementation of effective actions against tax havens. The G20 has already called on all jurisdictions to adhere to international standards of tax transparency and agreed action against those countries that do not meet these criteria. But we are still lacking real action and demonstrable results.
The international community's challenge in the 21st century is to align a globalised economy with the values and principles of a democratic and fair society. Our global governance system has a responsibility to tackle inequality and ensure sustainable growth for all, and a crackdown on global tax evasion is a critical step to this end.
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02 JANUARY 2017
The release from prison of Manuel Rosales, leader of Un Nuevo Tiempo, UNT, of Venezuela, an SI member party, has been warmly welcomed by the Socialist International. He was unjustly imprisoned following his arrest in October 2015, returning to the country after six years in exile. While celebrating his release, we vigorously protest against the conditions imposed on his freedom, including the need for him to regularly report to authorities, and forbidding him from leaving the country. The International salutes his courage and strength, and expresses its support and solidarity to his family, friends, and comrades...
SI condemns terrorist attack against member party KDP-Iran
21 DECEMBER 2016
The Socialist International firmly condemns the terrorist attack against the party headquarters in Arbil of the SI member Kurdistan Democratic Party, KDP-Iran, which took place on 20 December. The attack was carried out as party members were leaving a memorial ceremony honouring former party leader Abdulrahman Ghassemlou, who was assassinated in Vienna in 1989.
Four party members, a member of the youth organisation and a security guard died in the attack and several others were seriously injured.
Our International extends its deepest condolences to the families and comrades of those killed. The SI reiterates its strong solidarity with all members of the KDP-Iran at this difficult time.
02 DECEMBER 2016
4 NOVEMBER 2016
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21 OCTOBER 2016
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14 OCTOBER 2016
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26 SEPTEMBER 2016
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13 SEPTEMBER 2016
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22 JULY 2016
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16 JULY 2016
The Socialist International condemns the attempt by military forces in Turkey last night and in the early hours of this morning, to bring down the legitimately elected government of the country. Our organisation wholeheartedly shares and fully supports the clear and unequivocal statements made by the leaders of the CHP and the HDP, members of our global political family, as the coup attempt unfolds. Kemal Kılıçdaroğlu, leader of the CHP, said that the country had suffered previous coups and these developments should never be repeated in Turkey, adding that his party fully depends on the free will of the people, indispensable to Turkey’s parliamentary democracy…
12 April 2016
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28 March 2016
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22 FEBRUARY 2016
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