Prescription for Poverty

Drug companies as tax dodgers, price gougers, and influence peddlers.

Oxfam, a member of ICRICT coalition, just launched a report showing that four pharmaceutical corporations—Abbott, Johnson & Johnson, Merck & CO (MSD), and Pfizer—systematically stash their profits in overseas tax havens.

Tommaso Faccio, Head of Secretariat at ICRICT, contributed to the technical research behind the report.

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ICRICT
US firms book more profits in Ireland than in China, Japan, Germany, France & Mexico combined

ICRICT commissioner Gabriel Zucman and his colleague Thomas Wright just published a paper about the evolution of the taxes paid by U.S. multinationals on their foreign profits since 1966. The effective foreign tax rate has fallen by half since the late 1990s. Almost half of this decline owes to the rise of profit shifting to tax havens. Ireland is the top destination.

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tax havenICRICTGabriel Zucman
“Ten Years After the Crisis, We Need New Ideas More than Ever!”

“Ten Years After the Crisis, We Need New Ideas More than Ever!”

The recovery from the recession 10 years ago has been patchy. Trade tensions have been rising. Reform of the financial system has been incomplete. To mark this moment, ICRICT proposes to hold a public meeting in New York on 4 September in order to call attention to the need for action. With the participation of Joseph Stiglitz, Wayne Swan, Jayati Ghosh, Jose Antonio Ocampo, and Gabriel Zucman.

This event is supported by the Friedrich-Ebert-Stiftung.

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ICRICT
Upcoming events: Commissioners represent ICRICT in events in New York, Yogyakarta and Bogotá.

-The 2018 ECOSOC Forum on Financing for Development follow-up (FfD Forum), New York (USA), 23-26 April 2018 (with Léonce Ndikumana)

- Second annual Developing Country Forum for Cooperation in International Tax Matters, Yogyakarta, (Indonesia), 25-27 April (with Kim Jacinto Henares and Govinda Rao)

- Los Retos de la Próxima Reforma Tributaria: una mirada al contexto internacional, Bogotá (Colômbia), 3 May (with José Antonio Ocampo)

-La reforma de la tributación corporativa internacional: perspectiva de la ICRICT, Bogotá (Colômbia), 4 May (with José Antonio Ocampo)

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ICRICT
Jayati Ghosh and Wayne Swan join ICRICT as new commissioners

Press release

ICRICT is pleased to announce that Jayati Ghosh and Wayne Swan have accepted to join the Commission. Professor of Economics at Jawaharlal Nehru University, New Delhi, Jayati Ghosh is one of the world's leading development economist. As the former finance minister (2007-2013) of Australia, Wayne Swan is credited with having introduced the economic stimulus package which kept Australia out of recession during the global financial crisis.

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ICRICT
Jayati Ghosh and Wayne Swan join ICRICT as new commissioners

Press release

ICRICT is pleased to announce that Jayati Ghosh and Wayne Swan have accepted to join the Commission. Professor of Economics at Jawaharlal Nehru University, New Delhi, Jayati Ghosh is one of the world's leading development economist. As the former finance minister (2007-2013) of Australia, Wayne Swan is credited with having introduced the economic stimulus package which kept Australia out of recession during the global financial crisis.

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