G7 supply chain tax

Wednesday, June 10, 2015

International trade unions have welcomed key pledges made by the leaders of major global economies at the 2015 G7 Summit, while warning that public confidence in governments and business is waning and stronger action for sustainable economic growth is needed on a number of fronts.

Sharan Burrow, ITUC General Secretary, said: “Chancellor Merkel, as Summit host, has shown clear leadership on a number of crucial issues, notably the promise for G7 action on global supply chains which today are a source of exploitation and impoverishment instead of a means of delivering decent, secure and safe jobs.

Strengthening the existing international mechanisms on corporate behaviour needs to be backed up by the rule of law. This, along with other key commitments on climate action and financing as well as on taxation and on increasing women’s participation, must be taken up by the G20 when it holds its Summit in November.”

An ITUC opinion poll on trust in companies and supply chains, released on the eve of the Summit, found that:

  • 55 % of respondents in France, Germany, the UK and the US believe most global companies can’t be trusted to look after their workers and tougher laws are needed;
  • 80 % of respondents in Indonesia, the Philippines and Turkey believe that most employers prioritise profits over safety of their workers;
  • More than three quarters (78 %) of people in Indonesia, the Philippines and Turkey believe that business should pay all their workers a decent minimum wage – no matter where they are.