Beyond the Paradise Papers: Can Global Tax Avoidance Be Stopped

28 January 2018
Beyond the Paradise Papers: Can Global Tax Avoidance Be Stopped

"The problem with BEPS is that it is trying to fix a broken system by the guys who are making the profits out of the system" said ICRICT commissioner Joseph E. Stiglitz during this session in Davos during the Work Economic Forum on January 25th in partnership with France 24.

The debate hosted:

- Winnie Byanyima, Executive Director, Oxfam International, United Kingdom ·

- Paschal Donohoe, Minister for Finance of Ireland ·

- Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, European Commission, Brussels ·

Davide Serra, Founder and Chief Executive Officer, Algebris Investments (UK), United Kingdom

- Joseph E. Stiglitz, Professor, School of International and Public Affairs (SIPA), Columbia University, and ICRICT commissioner

It was moderated by · Stephen Carroll, Business Editor, France 24, France

Estimates are that multinational corporations and high-net-worth individuals have placed over $7.6 trillion in offshore companies. As the US cuts corporate tax rates and the EU considers tougher tax measures, what is the best way to reduce tax avoidance and tax evasion globally? This session was developed in partnership with France 24.