ICRICT welcomes a major UN report calling for overhaul of global financial system
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 […]
4 April 2019
Call for papers: the Global Asset Registry workshop – Paris, July 1-2
Wealth inequality poses serious risks to economies, to societies more broadly, and to the functioning of democracies. And yet the actual magnitude of wealth inequality is unknown because of the deep financial secrecy that surrounds it. Thomas Piketty’s 2014 book, Capital in the Twenty-First Century, called for a global asset registry (GAR) to ensure that […]
28 March 2019
ICRICT’s new paper: A Roadmap for a Global Asset Registry
Measuring and tackling inequality: Curbing tax avoidance, tax evasion, corruption and illicit financial flows. Wealth inequality poses serious risks to economies, to societies more broadly, and to the functioning of democracies. And yet the actual magnitude of wealth inequality is unknown because of the deep financial secrecy that surrounds it. The use of ‘offshore’ structures […]
25 March 2019
ICRICT Support IMF Calls For Overhaul Of International Tax Rules To Stop Tax Avoidance By Multinationals
The IMF paper “IMF POLICY PAPER CORPORATE TAXATION IN THE GLOBAL ECONOMY “published today states that the international corporate tax system is under unprecedented stress and allows $600bn of revenue losses each year due to tax avoidance (profit shifting) by multinationals (see chart 1 below). This negatively affects both developed and developing countries. ICRICT Commissioner, […]
11 March 2019
Economic Inequality and Taxation are Feminist Issues
When corporations do not pay their fair share of taxes, there is less money to invest in public services, sustainable infrastructure and social protection, which are the key drivers for gender equality by Magdalena Sepúlveda The fact that two women have kick-started a much-needed debate about taxes in the United States is not a coincidence. […]
8 March 2019
ICRICT welcomes OECD decision to discuss radical solutions to end multinationals tax avoidance
PRESS RELEASE For immediate release 30 January 2019 En Français En Español The Independent Commission for the Reform of International Corporate Taxation (ICRICT), welcomes the publication by the Organisation for Economic Cooperation and Development (OECD) of a “Policy Note – Addressing the Tax Challenges of the Digitalisation of the Economy”, a text showing a change […]
30 January 2019
ICRICT’s new paper: BEPS 2.0. What the OECD BEPS has achieved and what real reform should look like.
In 2012, the G20 called on the Organization for Economic Cooperation and Development (“OECD”) to reform the international corporate tax system through the Base Erosion and Profit Shifting (“BEPS”) initiative and associated processes. In 2015, a package of reforms was unveiled by the OECD. The reform process was only afterwards open to non-G20 countries, including developing […]
17 January 2019
Group led by Thomas Piketty presents plan for ‘a fairer Europe’
Manifesto by progressive Europeans calls for €800bn of levies to tackle inequality, disillusionment, climate change and migration A group of progressive Europeans led by the economist and author Thomas Piketty has drawn up a bold new blueprint for a fairer Europe to address the division, disenchantment, inequality and rightwing populism sweeping the continent. The plan, […]
9 December 2018
FTC and ICRICT’s Pan-Continental Southern Dialogue on Illicit Financial Flows
The Financial Transparency Coalition (FTC) with partners Freidrich Ebert Stiftung (FES), and the Independent Commission for the Reform of International Corporate Taxation (ICRICT), are organising two important events: a Pan-Continental Southern Dialogue on Illicit Financial Flows and the Pan-Continental Forum on the Future of Taxation of Multinational Corporations, November 21st to 23rd 2018, in Nairobi, Kenya. With the participation of […]
13 November 2018
A year on from the Paradise Papers, the lack of progress is worrying
En español Em português En français A year on from the Paradise Papers, the world has not made sufficient progress to tackle the secrecy that facilitates the hiding of wealth in tax havens. With 10% of global GDP estimated to be hidden in tax havens, and inequality rising both in developed and developing countries, the […]
4 November 2018