Protocol on Taxing High-Net-Worth Individuals (HNWIs)
ICRICT stresses the need for coordinated global action to fairly tax high-net-worth individuals, who often pay lower effective rates than ordinary citizens. Wealth is hidden through offshore structures and loopholes in tax treaties, eroding equality and trust. The Commission calls for a UN protocol with stronger transparency through global beneficial ownership registries and extended automatic […]
Protocol on Taxing Cross-Border Services in a Globalized Economy
ICRICT highlights flaws in current rules for taxing cross-border services, which let multinationals avoid paying their share and deprive, especially, Global South countries of revenues. It critiques the OECD’s “Pillar One” as inadequate and unworkable, and instead urges a UN protocol to consider withholding taxes on gross payments or formulary apportionment for taxing the profits […]
2nd ICRICT input to Ad Hoc Committee to Draft Terms of Reference for a United Nations Framework Convention on International Tax Cooperation
ICRICT Evaluation of the OECD/G2O two-pillar solution
The current international tax system is broken and skewed towards the richest and most powerful of our societies. This system fosters and perpetuates inequality, not only between countries, but within countries. It does so by allowing tax havens to exist. Tax havens enable the richest in our societies to hide their wealth using highly opaque financial services. Tax havens also are the favored location for booking the profits of the largest and most powerful multinationals in the world. The current system of taxing multinational corporations’ global profits based on transfer pricing is outdated and unfair, enabling systemic tax avoidance by large multinational corporations which deprives both developed and developing countries of
resources to invest in public services