For those who wonder why such a fuss is made about illicit financial flows in the form of tax abuse, here is the reason – countries around the world are losing US$492-billion in tax a year because multinational corporations and wealthy individuals are able to use tax havens to avoid or underpay tax. Nearly half Read more >
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CORRUPTION NEWS
Image: Civil Society Financing for Development Mechanism The global system of taxation is profoundly unequal, and long overdue for change. Global tax rules tend to favour developed countries, to a large degree because the Organisation for Economic Cooperation and Development (OECD) is the de facto rule setter, and has been for over 60 years. Those Read more >
CORRUPTION NEWS
By Mark Bou MansourFirst published on the Tax Justice Network On 22 November countries at the UN adopted, by a landslide majority, a resolution to begin the process of establishing a framework convention on tax and completely change how global tax rules are decided. The framework convention can eventually move decision-making on global tax rules Read more >