Wayne Swan will represent ICRICT at this panel, at 2.00-3.30pm on Thursday 11 October at this panel organized byICRICT, Oxfam International, FriedrichEbert-Stiftung, Financial Transparency Coalition, and The South Centre during the Civil Society Policy Forum October 9-12, 2018 World Bank Group / IMF 2018 Annual Meetings in Bali.
ICRICT’s commissioners José Antonio Ocampo, Joseph Stiglitz, Thomas Piketty, Eva Joly, Valpy Fitzgerald, Wayne Swan, Jayati Ghosh, Gabriel Zucman, Suzanne Matale, Ifueko Okauru, Kim Henares, Ricardo Martner, Leonce Ndikumana and Magdalena Sepulveda are concerned at the lack of progress shown by the Council on the EU CCCTB proposal and have today written (see attached letter) to the EU Commission President, Jean-Claude Juncker.
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.
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.
“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.
The Independent Commission for the Reform of International Corporate Taxation (ICRICT) is pleased to share a paper written by the T20 task force on Trade, Investment and Tax Cooperation, with the participation of ICRICT’s head of secretariat Tommaso Faccio.