We're sharing here an article from Abdul Muheet Chowdhary, who is a consultant in the Policy Planning and Research Division of the Ministry of External Affairs in India and formerly a consultant with the United Nations. The article originally appeared here on the blog of GLOBTAXGOV – A New Model … [Read more...]
Taxing corporations
Ten reasons why the Destination Based Cash Flow Tax is a terrible idea
This long blog will be periodically updated, in response to comments. Latest update: March 28, 2019. The international tax system for taxing multinational corporations is coming apart at the seams. We are now entering one of the most significant turning points in world tax history. As the IMF's … [Read more...]
Addressing the tax challenges of the digitalisation of the economy: our submission to OECD consultation
Joy Ndubai, Global Tax Advisor at ActionAid Denmark today presented at the OECD in Paris on behalf of Tax Justice Network (among others) - you can watch her contribution (starting from 32:22 to 38:02) and the full discussion here or we have a clip of her speaking just below. Her full slides are … [Read more...]
Tax Inspectors Without Borders – a Tax Justice Network idea bears fruit
The Economist is running an article about a fairly new body called Tax Inspectors Without Borders (TIWB), a programme backed by the OECD and the UN Development Programme (UNDP) to provide tax assistance to hard-pressed revenue authorities in poorer countries, whose underpaid officials struggle to … [Read more...]
World’s biggest monopolist pays negative taxes
Via the Washington Post: According to an analysis by the Institute for Taxation and Economic Policy (ITEP,) a leading US tax justice group, Amazon got a $129 million tax rebate last year, equivalent to a minus one per cent US federal tax rate, its second year running of negative taxes. (Its … [Read more...]
Fair Tax Week in the UK
We're sharing this information below from our friends and colleagues at the Fair Tax Mark, who are doing so much great work to celebrate those many businesses which do pay their fair taxes by awarding them the Fair Tax Mark, moving towards a fairer economy for all. Their Fair Tax Week takes place … [Read more...]
Tax “stability” short-changes Burkina Faso
A couple of years ago we wrote a blog entitled Beware the siren song of “tax certainty, which took apart a widespread consensus that it is important for countries to embrace 'tax certainty' and 'stability.' These motherhood-and-apple-pie terms hide a world of mischief: not least the fact that this … [Read more...]
Country by country reports: why “automatic” is no replacement for “public”
A critical battle is currently being waged in the international tax policy arena over the implementation of country by country reporting, a reporting process that deters and detects tax avoidance by multinational companies, among other things, by requiring companies to provide a global picture of … [Read more...]
Accounting for influence: how the Big Four are embedded in EU tax avoidance policy
The Corporate Europe Observatory has a report out today which is well worth reading. We've written and commented extensively on the Big Four accountancy firms and the damage they do, you can read more in our 'enablers and intermediaries' section. As our CEO Alex Cobham has said, they're "not the … [Read more...]
New report: is Apple paying less than 1% tax in the EU?
We're pleased to share this new study commissioned by GUE/NGL members of the European Parliament’s TAX3 special committee on tax evasion, tax avoidance and money laundering. You can read more about their very important work here. The report was written by Emma Clancy and Martin Brehm Christensen and … [Read more...]
Addressing profit shifting in the mining sector through excessive interest deductions: our advice
The Tax Justice Network has responded to the following call by the OECD’s Centre for Tax Policy and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development: For many resource-rich developing countries, mineral resources present an unparalleled economic opportunity to … [Read more...]
A lower effective corporate tax rate is associated with a lower rate of job creation: new research
We're often told that cutting corporate tax rates will lead to the creation of more jobs. We all want to see more jobs created but what does the evidence say about that? Australian economist and Member of Parliament Andrew Leigh has recently published new research on the subject which makes for … [Read more...]
PRESS RELEASE: European Commission digital tax plan is a nail in the coffin for OECD tax rules
The Tax Justice Network welcomes the European Commission’s new measures to combat tax abuses in the digital economy – in particular, the intention to ensure taxes are paid in the places where business is done, and where profits are really made. For the last decade, some of the worst offenders in … [Read more...]
Video: discussion on tax revenue losses, Apple’s tax avoidance and ‘state aid’
We're sharing here the opening panel discussion of the June 2017 European Financial Congress, Eastern Europe's largest finance congress in Gdansk, Poland. The theme of the panel was "Tax solidarity in the world and in the EU" and it features visiting Professor at Oxford University Philip Baker QC … [Read more...]
Advance tax rulings: Publish or abolish?
Advance(d) tax rulings give multinationals a degree of certainty - but at what cost to tax justice? A range of cases, largely based on leaked documents rather than public disclosures, reveal two major issues: large revenue losses, and a clear risk of corruption. Would mandatory publication be … [Read more...]
