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The goal of a fair international tax reform has been the central ICRICT’s mission since its creation. According to ICRICT’s positions and policy recommendations, a fair international tax reform should result in a global deal that effectively represents the interest of all countries, including developing countries and emerging markets, negotiated in a forum where countries participate on equal footing with a governance scheme that allows transparency and accountability.

Inclusive international and regional tax cooperation is essential to combat the challenges posed by globalization and the digitalization of the world economy. Any reform of international corporate taxation must recognize that taxation should occur where the economic activity occurs, resulting in a system of unitary taxation with formulary apportionment of multinationals’ profits and a 25% global minimum effective corporate tax on multinationals’ profits.

ICRICT welcomes PTLAC’s presidency of Chile and the support of its members for Brazil’s G20 proposal for a minimum tax on the super-rich.

6 May 2024

The Independent Commission For the Reform of International Corporate Taxation (ICRICT) welcomes the Chilean presidency of the Regional Platform for Tax Cooperation in Latin America and the Caribbean (PTLAC) and calls upon the Chilean government to continue to foster a regional tax dialogue and expand it to the rest of Latin American countries.

ICRICT also welcomes the support of the members of the PTLAC for Brazil’s proposal for a minimum tax on the super-rich, a key priority for Brazil’s G20 presidency.

ICRICT letter to the ad-hoc committee to draft terms of reference for a un framework convention on international tax cooperation

15 March 2024

The Independent Commission For the Reform of International Corporate Taxation (ICRICT) welcomes the Chilean presidency of the Regional Platform for Tax Cooperation in Latin America and the Caribbean (PTLAC) and calls upon the Chilean government to continue to foster a regional tax dialogue and expand it to the rest of Latin American countries.

ICRICT also welcomes the support of the members of the PTLAC for Brazil’s proposal for a minimum tax on the super-rich, a key priority for Brazil’s G20 presidency.

ICRICT letter to un committee of experts on international tax cooperation

15 March 2024

We commend the UN Tax Committee for their valuable work in producing international tax standards that are responsive to the needs of the times, such as Article 12B on taxing the digital
economy, the Subject to Tax Rule for ensuring minimum taxation in tax treaties, and so on. The recent work of the UN Tax Committee in the taxation of wealth is another highly welcome development, especially given that we are living in times of historically unprecedented wealth
inequality. As has rightly been observed by the Committee, there is a strong need by countries for technical guidance in ‘how to’ design wealth taxes so they can be effective. Because wealth can be easily shifted from one country to another, and there therefore can arise cross-border externalities, wealth taxation is a particularly appropriate topic to be discussed by
your Committee and we welcome the progress you have made.