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Spring/Summer 2014 Issue of JPIC Report Available On-Line April 28th, 2014
The Spring/Summer 2014 issue of JPIC Report is now available on line as a PDF. It will soon be available in print form.
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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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Oblate Auxiliary Bishop in Crimea Calls for Peace March 4th, 2014
The following is an official statement from Bishop Jacek Pyl, omi, the auxiliary bishop of Odessa-Sinferopol of the Crimea region of Ukraine. Let us pray for peace!
STATEMENT OF THE ROMAN CATHOLIC BISHOP IN CRIMEA
Auxiliary Bishop of the Roman Catholic Diocese of Odesa-Simferopol, Bishop Jacek Pyl, OMI
Since many weeks now the Roman Catholic Church with her prayers accompany whole of Ukraine praying for the peaceful solution of the problems, which the country is struggling with. In our prayers we ask God for his mercy for all Ukrainian people and we also offer voluntary fasting on bread and water in the same intention. Today when the unrest has encompassed the Crimean territory we want to pray especially for our peninsula. With our prayer we reach out to all the people without concern for their religion, political views or ethnic background. We pray that the people, who for tens of years live in peace – do not start fighting today and that the bloodshed of the kind we have seen in Kiev Maidan may be avoided here.
I am calling on all the people both faithful and the others that in the name of the solidarity with the heritage of our Fathers, who cared for the development of our Autonomous Republic of Crimea, to stay away from extremisms and in this hard time do not let the brotherhood among Crimean people to be broken. In ARoC we have Ukrainians, Russians, Crimean Tartars, Armenians, Poles, Germans, Czechs and many others living peacefully together. For many centuries we had the Orthodox, Muslims, Protestants, Catholics, Jews, Caraims, people of other denominations together with atheists living in Crimea. We cannot let our ethnical background nor our religion to divide us now. We are children of the same God; the only God, who is our common Father. The motto of the Republic of Crimea which is inscribed into our coat of arms is „Процветание в единстве” (Blooming in unity) and may this words be our motto for the difficult time now.
I would like to reach out with my words to the faithful of all denominations that they keep praying for peace, and those who has decided so keep voluntarily fasting. May the Good God free our hearts from all evil temptations and may he bless our good intentions.
+ Jacek Pyl, OMI Auxiliary Bishop of Odessa-Simferopol Diocese
We would like to thank Fr. Warren Brown, OMI and Fr. Charles Hurkes, OMI for sharing this information with the JPIC Office.
