Eric LeCompte Featured in National Catholic Reporter

Eric LeCompte, Executive Director of Jubilee USA was recently featured in National Catholic Reporter speaking on transparency. Read excerpt below and follow link to full article.

Trump's 'Forgotten Man' Turns Out to be Goldman Sachs

By: Michael Sean Winters

"'This deeply saddens me and our national religious partners," LeCompte continued. "Our interfaith religious community continues to influence a bipartisan agenda. Unfortunately, I fear‎ we are all facing more obstacles in the short term. The financial issues we work on impact our lives almost as much as the very oxygen we breathe. JubileeUSA's religious leaders have been successful in bridging all political divides we face. Ultimately, I know in the long-term, we will again be successful in overcoming the special-interest groups who are trying to divide us. But I am disappointed by this current setback because we failed by two votes to protect some of the most vulnerable people on our planet. I know we will win, but it will take several more years of focused and consistent work.'"

Read more here

Read More

Eric LeCompte Featured in Public Finance International

Eric LeCompte, Executive Director of Jubilee USA was recently featured in Public Finance International speaking on transparency. Read excerpt below and follow link to full article.

Dodd-Frank Reform Could Increase Corruption in Developing Nations, NGOs Fear

By: Emma Rumney

"Section 1504 enabled citizens and civil society to track whether companies were paying their taxes, paying their workforces properly or paying bribes, said Eric LeCompte, of the Jubilee USA Network, which advocates for a fairer financial system to benefit the world’s poorest.

It had become a 'critical revenue building measure' he told PFI. He added that, while it was still in the early stages of existence, its potential benefits were clear from the success of similar legislation such as the Foreign Corrupt Practices Act."

Read more here.

Read More

Quartz Features Jubilee USA's Work on Transparency

Eric LeCompte, Executive Director of Jubilee USA was recently featured in Quartz speaking on transparency. Read excerpt below and follow link to full article.

Republicans Want US Oil Companies to Keep their Payments to Corrupt Governments Secret

By: Tim Fernholz

“'Americans are demanding greater transparency in public and private institutions,' Eric LeCompte, director of the faith-based NGO JubileeUSA, wrote in a letter to Congress. 'Now is not the time to roll back measures that fight corruption and promote transparency and good governance.'"

Read more here.

Read More

Eric LeCompte Featured in The Hill

Eric LeCompte, Executive Director of Jubilee USA recently wrote an editorial that was published in The Hill and featured in Millennial Journal speaking on transparency. Read excerpt below and follow link to full article.

Repealing Transparency Measure Hurts the Poor

By: Eric LeCompte

"On behalf of the hundreds of faith communities who supported Section 1504 or the “Cardin-Lugar amendment” to the Dodd-Frank Wall Street Reform Act, I’d encourage all Members of Congress to consider how weakening 1504 could impact vulnerable populations. Now is the time to hold hearings for Congress, not for hasty actions that prevent members from understanding why a post financial crisis world needs more accountability, not less."

Read more here

 

 

Read More

teleSUR Features Jubilee USA's Work on Puerto Rico's Debt Crisis

Eric LeCompte, Executive Director of Jubilee USA was recently featured in teleSUR speaking on Puerto Rico. Read excerpt below and follow link to full article.

Puerto Rico: Colonial Oversight Board Meets as Crisis Deepens

By: Staff

"'The board recognizes that Puerto Rico needs significant debt relief to rebuild its economy,' said Eric LeCompte, executive director of the development organization Jubilee USA, during testimony before the board in November. 'If negotiations with creditors fail to achieve a significant debt reduction, the board needs to authorize the court arbitrated bankruptcy process.'" 

Read more here.

Read More

IPS Interviews Eric LeCompte on Proposal for a UN Tax Body

Eric LeCompte, Executive Director of Jubilee USA was recently featured in IPS speaking on tax. Read excerpt below and follow link to full article.

Ecuador Revives Campaign for UN Tax Body

By: Thalif Deen

"Asked about the feasibility of the proposal against Western opposition, Eric LeCompte, Executive Director of the Jubilee USA Network, one of NGOs backing the proposal, told IPS: 'In just a few years we’ve seen almost universal acknowledgment of the problems of tax avoidance, tax evasion and corruption.'

'At the same time we do see clear opposition from many wealthy countries on the idea of a global tax body as part of a solution'.

For this to be successful, he pointed out, there needs to be some re-envisioning of the proposal from the Addis Ababa conference. He said the G77 could also engage in bilateral agreements to move this forward.

'While the United Nations tries to operate by consensus, we could also see countries force a vote at the United Nations. While a vote would likely be successful under this method, without some re-envisioning of the concept, we’d likely see many wealthy countries refuse to participate in the process,' he warned.

Asked if Ecuador will be able to pull it off?, LeCompte told IPS: 'Ecuador seems to be operating out of a G77 consensus on these issues. Since the Financing for Development meetings in Addis Ababa, we’ve seen G77 countries like Ecuador strengthen their support for these efforts.'"

Read more here.

Read More

Devex Talks with Eric LeCompte about the Trans-Pacific Partnership

Eric LeCompte, Executive Director of Jubilee USA was recently featured in Devex speaking on the Trans-Pacific Partnership. Read excerpt below and follow link to full article.

Could US Withdrawal from TPP have a Silver Lining for Developing Countries?

By: Lisa Cornish

"European ties may also encourage the TPP to tackle concerns flagged by NGOs during negotiations. Eric LeCompte, executive director of Jubilee USA, told Devex the rising cost of pharmaceuticals under the TPP would negatively impact health care to developing countries, for example."

Read more here.

Read More

U.S. News Talks with Eric LeCompte about Obama Administration Economic Policies

Eric LeCompte, Executive Director of Jubilee USA was recently featured in U.S. News speaking on the election, and the economic policies of the Obama Administration. Read excerpt below and follow link to full article.

Financial Crisis the 'Specter Haunting' Obama's Economic Legacy

By: Andrew Soergel

"'On trade issues, I think the Obama administration failed on what they wanted to move forward,' says Eric LeCompte, executive director of Jubilee USA faith-based financial reform non-profit, describing initiatives like the TPP as 'controversial across the left and the right.' 'And as we transition into a new administration, who we certainly expect to work with, it'll be really interesting to see how they handle the trade issues. Broadly, we know that President-elect Trump was very critical of the trade issues pushed by Obama.'

LeCompte's organization worked with and provided input to the Obama administration on debt, tax and trade policies over the past eight years, helping to orchestrate bankruptcy legislation for Puerto Rico and the stemming of illicit financial flows popularized in part by the release of the Panama Papers.

'One of the global challenges that really came to light under the Obama administration was illicit financial flows. We've seen those emerge as front page stories around the globe,' LeCompte says. 'There are criticisms that suggest he should have done more on these transparency and tax issues. But we've seen this move forward.'

But on a handful of issues, LeCompte points to the idea that Obama's efforts were at times hindered by opposition from both the right and the left – highlighting the difficult political environment of the Obama years."

Read more here.

Read More

Jubilee USA Panel Discussion on Tax Justice Featured in Devex

A panel session on global tax regulation organized by Jubilee USA was recently featured in Devex. Read excerpt below and follow link to full article.

The G77 Will Push for 'Tax Justice' Through a UN Tax Body, Says Ecuador's Foreign Affairs Minister

By: Sophie Edwards

"Speaking the day before Ecuador officially took over from Thailand as chair of the G77, Foreign Affairs Minister Guillaume Long said tackling tax havens would be a priority under Ecuador’s leadership and that it would seek to introduce a U.N. tax body with a state-level mandate to pursue 'tax justice.'

'The tax haven issue will have a very prominent position in our presidency of the G77,' he said during a panel session organized by Jubilee USA Network in Washington, D.C., on Thursday."

Read more here.

Read More

Huffington Post Interviews Eric LeCompte on Tax Avoidance

Eric LeCompte, Executive Director of Jubilee USA was recently featured in Huffington Post speaking on tax avoidance. Read excerpt below and follow link to full article.

New Developing Nations Leader Has Big Plans To Crack Down On Global Tax Dodging

By: Daniel Marans 

"Eric LeCompte, executive director of the faith-based anti-poverty organization Jubilee USA and moderator of a Thursday panel on tax havens for which Long delivered the opening remarks, nonetheless lauded Ecuador’s leadership on this issue.

'It is clear to me that the government of Ecuador has looked at how tax and trade issues impact vulnerable communities in their country,' LeCompte said earlier this week.

Short of a global body to combat tax havens, a coordinated push to reduce tax avoidance could involve providing greater resources to developing nations to monitor exports, LeCompte argued. Commercial goods that get past customs officials represent a major source of lost tax revenue, he noted."

Read more here.

Read More