1. More than ever, ensuring that all taxpayers pay their fair share of taxes is a priority for the G20 because of the severe fiscal consolidation and social hardship in many countries. 2. The G20 intends to ensure that neither international nor domestic tax rules allow or encourage multinational enterprises to reduce overall taxes paid … More 10 Things OFCs Need to Know About the G20’s New Anti-Tax Haven Agenda
Based on another spectacular ‘about-turn’ by the OECD, who last year admitted major shortcomings in its widely touted Arm’s Length Principle as the best way to combat base erosion and profits shifting (BEPS), I suggested that it is time to have a multilateral organisation manage the international tax agenda. Today on Twitter high profile members … More Is it Now Time for a World Tax Organisation? ( The Debate Resumes)
( Kofi Annan, 77th Secretary-General of the U.N,Image by Telegraph) You might be forgiven for thinking that the United Nations (U.N) doesn’t care much about international tax and even less about rule-making to combat tax evasion and increase cooperation among domestic revenue authourities. It does seem that the UN is content to observe the global debate … More Is the United Nations Interested in Tax Evasion and Transparency?
Private enterprise drives growth, reduces poverty, and creates jobs and prosperity for people around the world. Governments have a special responsibility to make proper rules and promote good governance. Fair taxes, increased transparency and open trade are vital drivers of this. We will make a real difference by doing the following: 1. Tax authorities across the world should automatically … More G8 Summit Ends: Here’s What They Have Agreed.
Here’s what EURODAD -the European Network on Debt and Development – believes should feature on the list of New Year’s Resolutions for both developed and developing countries to remove the veil of ‘secrecy’ that shrouds the true (or beneficial) ownership of companies and other structures like trusts and foundations which, when abused by tax evaders, … More Tackling Tax Evasion: New Year’s Resolutions.
A ‘top-up’ tax charge is imposed by the UK government on its companies if they report profits in jurisdictions with lower tax rates than in the UK. This is usually achieved by UK-multinationals creating transactions with their own subsidiaries to shift profits to so-called ‘tax havens’. The legal basis for this type of ‘anti-tax … More Disconnected Tax and Development Thinking?