A/HRC/14/21 contraction, loan use and debt management by parliaments and civil society organizations. 79. Tax havens aid vulture fund activity by assuring secrecy and lack of transparency in the operation of these funds. Consequently, there is a pressing need for international action to address tax havens. In this regard, the independent expert supports the Eurodad proposals concerning the imposition of financial levies on transactions with tax havens and sanctions on tax havens that do not cooperate as regards disclosure of information.83 80. The activities of vulture funds highlight some of the problems in the global financial system and are indicative of the unjust nature of the current system. Measures to combat vulture funds should therefore be part and parcel of reforms of the international financial system. 83 22 Eurodad, “Taming the vultures” (see sect. IV, footnote 51), p. 4. GE.10-13156