Ahead of the G20 summit of world leaders next week in Hamburg, Germany, the Organization for Economic Cooperation and Development (OECD) announced that only one country deserves to be on its tax haven blacklist: Trinidad and Tobago. Tax reform advocates have condemned this as a farce
Multinational corporations are lobbying the U.N. behind closed doors to keep tax avoidance off the list of targets in the Sustainable Development Goals, say advocates of global tax reform. Many experts cite tax avoidance by corporations and wealthy individuals as a major driver of inequality and poverty worldwide. The United Nations’ Sustainable Development Goals (SDGs), established by international consensus as a series of goals for reducing poverty and inequity, included reducing tax avoidance and evasion.
A new headline-grabbing report shows that despite all of the aid money, remittances sent home from expats and loans sent to Africa, $40 billion more is actually leaving the continent in the form of debt payments, tax avoidance and resource extraction. But some question the figures, and argue that the report doesn’t tell the whole story.
Americans are expressing anger at the revelation that Donald Trump, the billionaire businessman running for president, may not be paying…
The U.K. played host to a global anti-corruption summit yesterday. The event seemed particularly well-timed, coming on the heels of…
It is not news that the world’s wealthiest individuals and companies use tax loopholes and haven countries to hide their…
Pressure is building on corporations that avoid taxes, in Europe. A new report claims Ikea, the Swedish furniture company, used…