In the green hills of County Fermanagh, Northern Ireland, the world’s leading developed nations agreed on Tuesday to make individuals and companies pay the taxes that they owe. With the release this morning of the Lough Erne Declaration the G8 countries plan to implement greater tax collection internationally through fairer tax policies, greater financial transparency, and open trade.
The G8 plans to clamp down on tax-evaders and require shell companies — often used to take advantage of tax loopholes or to invest money anonymously —to identify their effective owners or primary beneficiaries. Developing countries, reported CNN, lose more in tax avoidance than they receive in aid. With the protocols agreed to today, indebted poor countries will be given access to the global information they need to collect the taxes they are owed.
Some anti-poverty campaigners describe the G8 deal as a historic achievement.
The ONE Campaign, co-founded by music legend Bono of U2, has launched a new platform to promote global messages of social justice, women’s rights, and putting an end to apartheid, war and poverty — just to name a few.
The campaign, agit8, features new covers of famous protest songs throughout history by contemporary musicians ranging from Mumford & Sons to Greenday.
With the stated goal of ending poverty by 2030, agit8 is timed to coincide with the upcoming G8 summit next week. Noting the impact protest music has had on American history, agit8 encourages artists to “get on their soapbox” and amplify “the voices of those who spoke up for social change throughout history.”
In advance of two days of meetings with G8 leaders at Camp David this weekend, on Friday morning, President Obama spoke to a gathering of international political and NGO leaders and activists in Washington, D.C. at the Symposium on Global Agriculture and Food Security.
THE PRESIDENT: Thank you so much. (Applause.) Thank you, everybody. Please have a seat. Thank you. Well, good morning, everybody. Thank you, Catherine Bertini, and Dan Glickman and everyone at the Chicago Council. We were originally going to convene, along with the G8, in Chicago. But since we’re not doing this in my hometown, I wanted to bring a little bit of Chicago to Washington. (Laughter.) It is wonderful to see all of you. It is great to see quite a few young people here as well. And I want to acknowledge a good friend. We were just talking backstage -- he was my inspiration for singing at the Apollo -- (laughter) -- Bono is here, and it is good to see him. (Applause.)
Now, this weekend at the G8, we’ll be represented by many of the world's largest economies. We face urgent challenges -- creating jobs, addressing the situation in the eurozone, sustaining the global economic recovery. But even as we deal with these issues, I felt it was also important, also critical to focus on the urgent challenge that confronts some 1 billion men, women and children around the world -- the injustice of chronic hunger; the need for long-term food security.
WATCH PRESIDENT OBAMA AT 2:28:45