Tag: tax

  • How do Taxes Drive the Sustainable Development Goals?

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    By Thomas Beloe and Ahtesham Khan in IPS, 7 May 2024 Tax revenue remains the most sustainable source of income for governments and plays a crucial role in financing the Sustainable Development Goals (SDGs). It diminishes the need for international assistance and contributes to the repayment of burdensome debt, ultimately strengthening a country’s ability to withstand external shocks. In 2022,…

  • Promotion of inclusive and effective international tax cooperation at the United Nations

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    On 22 December 2023, the General Assembly adopted resolution 78/230, “Promotion of inclusive and effective international tax cooperation at the United Nations.” The resolution establishes an ad hoc intergovernmental Committee mandated to develop draft terms of reference for a United Nations framework convention on international tax cooperation, with a view to finalizing the Committee’s work by August…

  • Finishing the Job of Global Tax Cooperation

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    By Jose Antonio Ocampo for Project Syndicate on 29 April 2024 Given the many loopholes and opportunities for tax arbitrage in today’s global economy, much closer international cooperation will be needed to ensure that multinational corporations and the world’s wealthiest people pay their fair share. Negotiations for this purpose are now underway, but developed countries…

  • World Bank Enables Foreign Aid Theft

    Jomo Kwame Sundaram, Jan 17 2024 (IPS) – World Bank aid encourages governments to enable illicit financial outflows to offshore tax havens by reducing capital controls, thus draining precious foreign exchange and government resources. Aiding elite wealthAid disbursements to highly aid-dependent countries coincide with sharp increases in bank deposits in offshore financial centres known for banking…

  • Global Tax Evasion Report 2024

    This report produced by the European Tax Observatory (and authored by Annette Alstadsæter, Sarah Godar, Panayiotis Nicolaides, and Gabriel Zucman) reviews the various initiatives launched over the last 10 years to reduce international tax evasion. Yet despite the importance of these developments, little is known about the effects of these new policies. Is global tax evasion…