Photo: Abbie Trayler-Smith/Oxfam

Business Among Friends: Why corporate tax dodgers are not yet losing sleep over global tax reform

Published: 2 May 2014
Author: 
Claire Godfrey, Senior Policy Adviser

Fair tax regimes are vital to finance well-functioning states and to enable governments to uphold citizens’ rights to basic services, such as healthcare and education. Tax dodging by big corporations deprives governments of billions of dollars and drives rapidly increasing inequality. Recent G20 and OECD moves to clamp down on corporate tax dodging are a welcome first step, but opponents are set on undermining them. And most developing countries, which lose billions to corporate tax dodging annually, are being left out of the decision making. 

This briefing shows how tax rules are rigged in favor of multinational corporations and how the G20’s current approach to tax reform is at risk of being dominated by a legion of corporate lobbyists. Commercial interests must not be allowed to pursue their agenda at the cost of the public interest. All developing countries must be included in negotiations, and corporations must pay what they owe.

 

You may also like

Photo: Abbie Trayler-Smith/Oxfam
Rewriting global tax rules could increase developing countries’ corporate tax revenues by over 100%

The G20’s plan to tackle corporate tax dodging, devised by the Organisation for Economic Co-operation and Development (OECD), needs a radical shake up so that developing countries can capture their fair share of foreign business activity, according to a new report published today by Oxfam.

Drought-affected grain in Burkina Faso, Dec 2011. © Irina Fuhrmann/Oxfa
Closing tax loopholes could help end global hunger

Oxfam today revealed that just over a quarter of the taxes that could be raised each year from money currently hidden away in tax havens would be enough to lay the foundation for ending global hunger.

Working For The Many: Public services fight inequality
Working For The Many

Public services like health and education are one of the strongest weapons in the fight against inequality.

Permalink: http://oxf.am/p5A