In the midst of a very difficult economic situation, it has never been more urgent to repair our broken tax system, including by addressing large-scale corporate tax avoidance. Instead of removing the tax loopholes related to debt financing, the European Commission is instead suggesting the introduction of new tax incentives related to equity financing, which could potentially open up new avenues for corporate tax avoidance.

#WorldBank #IMF #FfD #CSOforFfD #ClimateFinance #EurodadIC22

Eurodad and partners represented Civil Society at this year's UN ECOSOC Financing for Development Forum in New York. 

Non-inclusiveness and illegitimacy continue to be key concerns in relation to the negotiation of global tax rules. In this briefing we question how inclusive is the Inclusive Framework and who is really sat around the decision table.

Currently, a third of the world's countries are not at the table when global tax rules get decided. Watch this short animation to see why it's time for the United Nations to take the lead, so all countries can participate on an equal footing. 

A UN Convention on Tax would, for the first time, create a truly global framework where all countries can participate on an equal footing. The UN is the only truly universal body that exists, making it the obvious place to anchor a truly global convention on tax.

Tax-related illicit financial flows continue to cost countries hundreds of billions of dollars in lost tax income every year. This document contains a proposal for what a UN Convention on Tax might look like.

The Suisse Secrets leak confirms civil society's long held concerns that trusts can be used to circumvent transparency rules and hide money. The era of bank secrecy is far from over.

Rather than an ambitious reform of the corporate tax rules, today's EU tax package is a Christmas present to all the multinational corporations that will be able to continue paying very low taxes.

#IDA20 #Surcharges #IMF #GenderJustice #TaxJustice #ClimateJustice