Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-302-343"
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"en.20111116.18.3-302-343"2
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"I voted in favour of this motion for a resolution. Last year, the Member States gave only 0.43% of their gross national income (GNI) in official development assistance (ODA), despite the Millennium commitment to give 0.7% by 2015 and an interim 2010 target of 0.56%. Failing to keep its aid promises will seriously undermine confidence in the EU and damage its credibility among its partners in the developing world. There is growing pressure on national budgets as a result of the financial and economic crisis and it is therefore necessary to take action so that development assistance is more effective and helps to overcome the issues hindering the development of poor countries. I agree that policy change in industrialised and developing countries is necessary to address the structural causes of poverty and mobilising domestic resources in partner countries is therefore the key to sustainable development. Priority must be given to better tax governance and tax-related transparency, ensuring country-by-country reporting, as well as to combating tax evasion and illicit capital flight, through legislation where necessary. I welcome the call to include the fight against misuse of tax havens and against tax evasion and illicit capital flight among its development policy priorities and to ensure that companies in the extractive industry in developing countries pay proper taxes and that their production meets social and environmental standards."@en1
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