In 2014, the Federal Council proposed a law on the treatment of dictators' stolen assets, or potentate funds. At last a good law was adopted in December 2015 despite resistance from right wing parties and some shortcomings.
Many poor developing countries are suffering under a huge mountain of debt. Consequently, the UN is at long last discussing a regulated debt restructuring procedure. Switzerland is slowing things down.
Multinational corporations should pay taxes in the places where they make their profits. Reality is completely different. And with the Corporate Tax Reform III, Switzerland wants to offer them new possibilities for aggressive tax avoidance.
Five years ago Swiss Government has been attempting to build advantages for Switzerland into new taxation agreements. To this day it has no clear grasp of the way these agreements impact the development countries concerned.
If food security is to be guaranteed, we must fight financial speculation with agricultural products, says Olivier de Schutter, UN Special Rapporteur on the Right to Food. In the following an interview.
The European debt crisis is causing a worldwide stir. It is relegating the precarious debt situation of many developing countries to oblivion. The call for a regulated and fair procedure to resolve impending state bankruptcies remains topical.