News Archives » Central America & the Caribbean
Faith-based and Socially Responsible Shareholders Call on Google to Pay Fair Share of Taxes April 8th, 2014
The Missionary Oblates co-filed with ethical investor Domini Social Equity fund, in a shareholder resolution calling on the multinational firm Google to pay its fair share of US taxes. NEI Investments LP, Robert Burnett, and Investor Voice, SPC joined as co-filers. Google recommended a vote against the shareholder proposal, which argues that “Google’s tax practices have come under scrutiny in the United Kingdom and France, leading to regulatory pressures and reputational damage.” The shareholder proposal cited as one of its arguments for the proposal, a Bloomberg article headed “Google cuts billions off its tax bill each year by sending profits through Ireland to a mailbox in Bermuda.”
The proposal stated, “Although most Google engineers are US-based, where much of product development takes place, Google’s intellectual property is held in Bermuda, which does not levy corporate taxes.” It went on to state: ‘Tax haven’ jurisdictions are characterized by low tax rates, financial secrecy and light regulation. Tax havens facilitate financial opacity and illegal activities including tax evasion and money laundering.”
The proposal has received coverage in The Sunday Times in London and the Independent.ie an Irish news source. Although it is not expected to pass, the proposal will once again attract attention to Google’s low tax outlay against multibillion revenues.
The Pope and President Obama Discuss Common Commitment to Eradicate Trafficking March 27th, 2014
The Vatican Press Office released a statement regarding Thursday morning’s meeting between Pope Francis and U.S President Barack Obama. The statement notes that the two leaders discussed “current international themes” and expressed the hope that “in areas of conflict there would be respect for humanitarian and international law and a negotiated solution between the parties involved.”
The statement goes on to say that in the context of bilateral relations between the U.S. and the Holy See, the Pope and the President discussed “questions of particular relevance for the Church in that country, such as the exercise of the rights to religious freedom, life and conscientious objection, as well as the issue of immigration reform.”
Finally the statement notes that Pope Francis and President Obama spoke of a “common commitment to the eradication of human trafficking. Text from the Vatican Radio website.
Broad-Based Coalition of Policy Experts Urges Congress to Pass IMF Reforms March 11th, 2014
Ukraine Economy and US Leadership at Stake
190 policy experts, business and academic leaders, and former Senate-confirmed appointees who had oversight responsibilities for organizations like the International Monetary Fund (IMF) and World Bank yesterday delivered a unified message to Congress: promptly enact IMF quota reform legislation. Fr. Seamus Finn, OMI signed the letter on behalf of the Missionary Oblates of Mary Immaculate. The Oblates have long supported New Rules for Global Finance, which works for fundamental reforms at the IMF.
The broad-based bipartisan letter to Speaker Boehner and Majority Leader Reid comes at a time when Congress is considering a $1 billion bilateral emergency assistance package for Ukraine to help the country stabilize its economy during its crisis with Russia. Senate Foreign Relations Committee Chairman Robert Menendez (D-NJ) and Ranking Member Bob Corker (R-TN) displayed the foresight and joint leadership to respond strongly to the Ukraine crisis by introducing the Ukraine relief bill, which includes the IMF quota reform legislation. Ukraine is also seeking IMF assistance directly.
Treasury Under Secretaries Tim Adams, David McCormick, David Mulford, and Jeffrey Shafer, and five IMF Executive Directors that served under Republican Administrations, among other former senior government officials, support the IMF reform legislation. “The IMF has played a crucial role in the global approach to recent financial crises and in navigating the world economy through severe threats. While the United States is on a path to recovery, threats remain…and the IMF has been called upon to support reform in Ukraine. In times like these, a financially strengthened and reformed IMF is in the U.S. interest,” notes the letter.
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Stations of the Forest March 10th, 2014
We would like to thank the Columban Fathers for the powerful Stations of the Forest video. It is a compelling narrative of the destruction of the forest that has ruined ecosystems from the Philippines to Brazil – a destruction that imperils the world.
Following the format of The Stations of the Cross this prayerful resource laments the stages in the death of part of God’s Creation. It incorporates issues related to rainforest destruction: extractive industries, loss of biodiversity and climate change.
A Booklet accompanies the DVD, providing the script, an agenda for meetings, a reflection on the Stations, and prayers. (download booklet here)
Download – The Grace of Forests Lenten resource
USCCB Delegation Examines Massive Youth Exodus from Central America January 27th, 2014
A delegation from the U.S. Conference of Catholic Bishops recently traveled to Central America and Mexico to examine and understand why unaccompanied migrant children are fleeing the region in such record numbers.
The situation has reached crisis level. Whereas the number of children apprehended on the U.S./Mexico border averaged 6,800 between 2004-2011, it jumped to over 13,000 children in 2012 and over 24,000 children in 2013. The projected number for fiscal year 2014 is 60,000-70,000. Most come from El Salvador, Guatemala, Honduras, and Mexico.
There are many factors that prompt these children to undertake such a perilous journey, and the delegation delves into those in their report. But simply put, these children are fleeing violence: generalized violence at both the state and local levels, which has led to a breakdown of the rule of law and created a culture of fear and hopelessness.
The delegation was led by Bishop Mark Seitz of El Paso, and included Jeanne Atkinson, Executive Director of the Catholic Legal Immigration Network, Inc. (CLINIC); Reverend Daniel Groody, Professor of Theology, University of Notre Dame, and consultant to the USCCB Committee on Migration; Jane Bloom, Director, Washington Office of the International Catholic Migration Commission (ICMC); Kristyn Peck, Associate Director of Children’s Services, MRS/USCCB; Ashley Feasley, Immigration Policy Advisor, MRS/ USCCB; and Kevin Appleby, Director of Migration Policy and Public Affairs, MRS/USCCB.
Here are the full findings and recommendations.
