Posts

Illicit financial flows again in the spotlight

Image: International Monetary Fund The G20 Development Working Group (DWG) has released a document outlining its call to action for countries to adopt what it terms voluntary and non-binding high-level principles for combating illicit financial flows (IFFs). The DWG falls under the G20’s Sherpa track and is the key G20 forum for the discussion of Read more >

Where do illicit financial flows out of Africa go? TI follows the dirty money

Image: International Monetary Fund Illicit financial flows (IFFs) have been, and continue to be, a huge problem for developing countries, especially. They hinder countries’ ability to meet the UN sustainable development goals, because they undermine the fiscal systems which are in place to collect government revenue, and reduce the amount of funds available for development Read more >

Fight for global tax justice and equality takes positive turn

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 >

UN adopts plans for historic tax reform, move away from OECD

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 >