Countries Could Raise $500BN a Year Under New Global Corporate Tax Rules
Researchers say a new formula could raise $500 billion a year by taxing multinational profits where companies operate, not where they declare them.
7 Articles
7 Articles
Countries Could Raise $500BN a Year Under New Global Corporate Tax Rules
Countries could collect an extra $500 billion in corporate tax every year without raising a single tax rate, according to new research published as UN negotiators resume talks in New York. The findings come from a joint study by global union federation Public Services International and the Tax Justice Network, released to coincide with the fifth round of negotiations on a UN tax convention. The proposal would replace the century-old system that …
The Case for a Pay-Where-You-Play Tax System
The global tax system has repeatedly put corporate interests ahead of people and the planet by allowing multinationals to transfer profits to tax havens. If adopted, the proposed UN Framework Convention on International Tax Cooperation would overturn the century-old rules that make this possible.
Countries to gain $500bn more tax a year under UN ‘pay-where-you-play’ plan
UN tax convention commitment to scrap 100-year-old corporate tax approach will unleash new economic era without increasing taxes, experts say Countries can collect US$500 billion more in corporate tax a year from multinational corporations without increasing taxes by following through on the UN tax convention’s commitment to change where multinational corporations pay tax, according to […]
This UN Tax Conference might sound boring
Today, government negotiators will sit down in New York for the fifth round of talks at the UN Framework Convention on International Tax Cooperation. It is the sort of conference that might make most of our eyes glaze over. But what actually happens in these rooms for the coming week is tied closely to our lives, our health and our cost of living. The decisions being made this conference are simple yet consequential to our lives: will polluters …
This week, delegates from around the world will meet in New York to negotiate the proposal of the United Nations Framework Convention on International Tax Cooperation, a historic agreement aimed at making global tax cooperation more inclusive and effective.If adopted, the Convention would represent the most far-reaching reform of the global tax system in almost a century, radically changing the way in which countries tax multinational corporatio…
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