In an open letter to the G20 representatives, the 14 members of ICRICT note that the agreement on taxation of multinationals reached on 8 October overwhelmingly benefits rich countries.

It can only be seen as a temporary solution that developing countries have to live with. It is imperative that the negotiations, which are to continue under the chairmanship of Indonesia in 2022 and India in 2023, provide the platform for a new, more inclusive, round of negotiations to deliver a new global tax deal for the world.

12 October 2021

Em carta aberta aos representantes do G20, os 14 membros do ICRICT assinalam que consideram que o acordo sobre a tributação das multinacionais alcançado em 8 de outubro beneficia principalmente os ricos.

Ela só pode ser vista como uma solução provisória que os países em desenvolvimento foram forçados a aceitar. As negociações, que devem continuar sob a presidência da Indonésia em 2022 e da Índia em 2023, devem abrir uma nova rodada de negociações, dando aos países em desenvolvimento uma voz real.

12 October 2021

In una lettera aperta ai rappresentanti del G20, i 14 membri dell'ICRICT sottolineano che ritengono che l'accordo sulla tassazione delle multinazionali raggiunto l'8 ottobre favorisca soprattutto i ricchi.

Può essere visto solo come una soluzione provvisoria che i paesi in via di sviluppo sono stati costretti ad accettare. I negoziati, che continueranno sotto la presidenza dell'Indonesia nel 2022 e dell'India nel 2023, devono aprire un nuovo round di trattative, dando ai paesi in via di sviluppo una voce reale.

12 October 2021

Martín Guzmán, the Minister of Economy of Argentina -which is part of the G-24, a group of countries of the Global South, Raul Rigo (secretary of finance) –discussed who would benefit from the global tax deal with leading economists Jayati Ghosh, José Antonio Ocampo, Joseph E. Stiglitz, all members of ICRICT.

Watch the event here.

7 October 2021

It must start now with a real reform of the international taxation of multinationals, serving the interests of all countries, developed and developing ones.

4 October 2021

The agreement announced at the OECD Inclusive Framework on Base Erosion and Profit Shifting is a another lost opportunity to put an end to tax avoidance by multinationals and and generate revenues worldwide to support governments in their fight against the pandemic and the recovery post COVID.

1 July 2021

The agreement announced at the OECD Inclusive Framework on Base Erosion and Profit Shifting is a another lost opportunity to put an end to tax avoidance by multinationals and and generate revenues worldwide to support governments in their fight against the pandemic and the recovery post COVID.

1 July 2021

The G7 agreement to introduce a global minimum tax of at least 15% on its own is insufficient to generate significant revenues for both the Global North and the Global South and reflects a preference by other G7 countries to find a solution to accommodate the preferences of tax havens and protect their own multinationals rather than follow US leadership

5 June 2021

The G7 agreement to introduce a global minimum tax of at least 15% on its own is insufficient to generate significant revenues for both the Global North and the Global South and reflects a preference by other G7 countries to find a solution to accommodate the preferences of tax havens and protect their own multinationals rather than follow US leadership

5 June 2021

For too long, international institutions have failed to address one of the most toxic aspects of globalization: tax avoidance and evasion by multinational corporations. Fair taxation of multinationals must be a central part of any tax system aimed at driving economic growth and creating high living standards for all.

Read ICRICT Open Letter to President Biden, via Project Syndicate.

26 February 2021