ICRICT calls the G7 finance ministers to support move to more equitable international tax system

 Under the proposals being negotiated, global profits of multinationals could be allocated through a formula, making the system more simple and reducing the opportunities for tax avoidance.  A global minimum tax is also being discussed, something that would mitigate tax competition and the race to the bottom.  The subject will come up again when the G7 finance ministers gather in Chantilly, France on July 17 and 18.

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G20 agrees to close gaps used by global tech giants to cut corporate taxes

Group of 20 finance ministers agreed on Saturday to compile common rules to close loopholes used by global tech giants to reduce their corporate taxes. Multinationals face criticism for cutting their tax bills by booking profits in low-tax countries regardless of the location of the end customer. Such practices are seen by many as unfair.

The new rules would mean higher tax burdens for large multinational firms but would also make it harder for countries like Ireland to attract foreign direct investment with the promise of ultra-low corporate tax rates.

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Global Asset Registry workshop – 1-2 July, Paris: submit your paper

ICRICT, the World Inequality Lab project, Tax Justice Network, and Transparency International are co-hosting a workshop to develop the framework for a Global Asset Registry in Paris on July 1-2.

It is by invitation only. We will of course share the fruits of the workshop as we develop them further, but for now participation during Day 1 is open to anyone whose paper has been accepted.

You can submit your proposal and original, high-quality papers to present at the Global Asset Registry workshop using this online form.

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ICRICT welcomes a major UN report calling for overhaul of global financial system

 ICRICT welcomes the UN “Financing for Sustainable Development Report 2019” finding that a failure to reshape both national and international financial systems will result in the failure of the international community to deliver the 2030 Agenda for Sustainable Development, including eliminating extreme poverty and combating climate change.  One of the most important conclusions of the UN’s report is that “Tax revenues are insufficient, and tax rules are inadequate given digitalization” and “small and poor countries are not adequately included in international tax architecture reform efforts”.

You can download the press release in English here

En français : L’ICRICT salue le nouveau rapport des Nations Unies sur le financement durable en faveur d’une refonte du système financier mondial

En español : el ICRICT acoge con satisfacción el nuevo informe de la ONU que aboga por la revisión del sistema financiero global

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Call for papers: the Global Asset Registry workshop – Paris, July 1-2

ICRICT held a conference in New York in September of 2018 to discuss a roadmap to a GAR, as described in this declaration published on 25 March 2019. Based on these initial steps, ICRICT, the World Inequality Lab project, Tax Justice Network, and Transparency International are co-hosting a workshop to develop the framework for a Global Asset Registry in Paris on July 1-2.

The organisers wish to invite original, high-quality papers for presentation.

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