Russia hopes to clinch a deal with Tanzania in the coming days to start extracting uranium on an industrial scale in the country's south in two years, the Russian industry and trade minister said Thursday Apr.
The exposed companies include subsidiaries of world-renowned corporations such as American Standard, Panasonic, Pepsi, Nestle, and 3M.
They were punished mainly for discharges of substandard waste water and for unauthorized construction activities that occurred in the absence of proper environmental impact assessments. During the process, they came across a list of multinational corporations that had been cited for environmentally harmful activities for the years — Ma, who once worked as an environmental consultant for multinationals in China, was shocked by the discovery.
To address their wrongdoings, companies are more willing to invest in public relations than in actually cleaning up the manufacturing process, he says.
What concerns environmentalists more, however, is the weak governmental and legal oversight of multinational corporations. Lo observes that as local governments seek to attract foreign investment, their affiliated environmental protection bureaus dare not take strict measures to address pollution by multinational corporations.
This leaves a void in supervision. But Lo also points out that domestic enterprises are more likely than multinationals to lack the capacity to meet environmental protection standards, while for the foreign firms it is more often a matter of willingness to address such problems.
William Valentino, general manager for corporate communications for Bayer Corporation and the chair of the Corporate Social Responsibility Working Group of the European Chamber of Commerce in China, agrees that the poor environmental performance of domestic enterprises should not be used as an excuse for multinationals.
Jianqiang Liu is a senior investigative journalist with China Southern Weekend. Outside contributions to China Watch reflect the views of the author, and are not necessarily the views of the Worldwatch Institute.Multinationals like Coca-Cola Co.
and private equity firms are concerned that a provision in the new tax law could end up changing the way foreign entities that were meant to be exempted are taxed—potentially putting them in the crosshairs of new U.S.
international tax rules.
The term ‘business environment implies those external forces, factors and institutions that are beyond the control of individual business organisations and their management and affect the business enterprise. More multinational companies will leave Hong Kong’s Central district, where rents have become too expensive, with some even considering leaving the city altogether.
An estimated $ billion in revenue from large corporates and multinationals is at risk to the economy, but through audit activity this will reduce to $ billion, according to the Australian.
European Commission - Press Release details page - European - Press release Commission Brussels, 21 October The European Commission has decided that Luxembourg and the Netherlands have granted selective tax advantages to Fiat Finance and Trade and Starbucks, respectively.
These are illegal under EU state aid rules. Commissioner Margrethe Vestager, in charge of competition policy, stated: . The OECD Guidelines for Multinational Enterprises, revised in , express the shared values of the countries that have adhered to them.
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This includes all 30 OECD members and, to Environment ﬁgures prominently in the Guidelines and one chapter is speciﬁcally dedicated to enterprises’ environmental performance. It broadly reﬂects the.