New Expert Global Commission Responds to One-Sided Tax Debate

This press release was put together by a group of organisations including TJN. 

Expert Global Commission Responds to One-Sided Tax Debate; Inaugural Meeting to drive changes ahead of Post-2015 Ambition

Responding to widespread anger about corporate tax avoidance, the impacts of such avoidance on inequality and poverty, and concerns that current tax reform processes are inadequate, a new nonpartisan body— the Independent Commission for the Reform of International Corporate Taxation (ICRICT)—has been established to propose reforms from the perspective of the public interest. 

The inaugural meeting of the Commission will take place in New York on March 18-19, 2015. The Commission’s Chair, former UN Under-Secretary-General José Antonio Ocampo, says: “The world has changed but the international tax system has not. Corporations play governments against each other, for example, in encouraging race-to-the-bottom tax incentives, and the public loses out. There are billions of dollars at stake.

This Commission will shed light on where the rules of the game, and the institutions that govern them, need to change.

The Commission includes prominent economic experts and political leaders from around the world: Eva Joly, Rev. Suzanne Matale, Manuel Montes, Léonce Ndikumana, Ifueko Omoigui Okauru, Govinda Rao, Magdalena Sepúlveda, and Joseph Stiglitz, Nobel Prize-winning economist. On March 18, the Commission will hear from business, academic, labor, governmental and civil society experts on potential reforms.

Mr Ocampo notes that, “Tax policy affects everybody but for too long the debates have been presented as technical and reserved only for tax lawyers and accountants. There is a desperate need to bridge the gap between the technical challenges and everyone’s right to participate and provide solutions.”

The Commission will produce a set of recommendations in the context of the on-going UN Financing for Development agenda and the G20/OECD Base Erosion and Profit Shifting (BEPS) initiative.

The current international tax system reinforces global inequality and hampers poverty reduction—and without changes, will continue to worsen economic and social inequality, including through forcing cuts to vital public services and hindering fulfilment of the post-2015 development agenda. Issues such as fairer allocation of tax rights between source and residence countries, public country-by-country reporting, and requirements for corporations to reveal the location of financial assets will be examined.

END

Notes to Editors:

· ICRICT was initiated by a broad coalition that includes Action Aid, Alliance-Sud, CCFD-Terre Solidaire, Christian Aid, the Council for Global Unions, the Global Alliance for Tax Justice, Oxfam, Public Services International, Tax Justice Network and the World Council of Churches and is supported by Friedrich-Ebert-Stiftung.

· Written interventions from the public ahead of the March hearing are invited. The hearing is open to the public and media. Submissions to the Commission may be emailed before March 18, 2015 to info@icrict.org. Press are invited to register for the March 18 noon press briefing at the Roger Smith Hotel, 501 Lexington Ave, 16th Floor, New York by sending an email to info@icrict.org.

· ICRICT Commissioners may be available for interviews in their respective countries between March 11-18, 2015. See media contacts below to request interviews and biographies.

· For more info on ICRICT: www.icrict.org / On the UN Tax Committee: www.un.org/esa/ffd/tax/

Media contacts:

Erika Siu, ICRICT Consultant, New York – Erika.Siu@icrict.org;+1 212-571-0581

Sue Rooks, Oxfam International Media Officer, New York – Sue.Rooks@oxfaminternational.org; +1 917-224-0834

Teresa Marshall, Campaigns + Communications, Global Alliance for Tax Justice – Teresa@GlobalTaxJustice.org; +1 250 899 7488

Vittorio Longhi, Communications Consultant, Public Services International, Rome – Vittorio.Longhi@worldpsi.org.

Endnote: TJN. We prefer the term ‘cheating’ to ‘avoidance’ but we wholeheartedly endorse and are involved in this initiative.


Related Posts

UN must defend target to curtail multinational companies’ tax abuse

Photo by Luca Santori, Creative Commons LicenseThe Tax Justice Network, The Independent Commission for the Reform of International Corporate Taxation, and the Global Alliance for Tax Justice call on the UN Secretary General to make sure the commitment to action on tax abuses by multinational companies remains part of the new UN Sustainable Development Goals.

READ MORE →

The BVI: Responsible for worldwide tax losses of $37.5 billion a year

BVI report blogAn extraordinary report by consultants Capital Economics, for BVI Finance, claims that the British Virgin Islands are responsible for $1.5 trillion of assets invested around the world, and that these result in 2.2 million jobs and $15 billion in tax revenue. A better approximation would be that the BVI imposes global tax losses of $37.5 […]

READ MORE →

Event: Making Tax Work for Women in the UK and Globally

Invitation_ Tax and Gender eventOn Wednesday 28th June 2017 at 16.30 our very own Liz Nelson will be speaking at an event in London that aims to bring together gender and tax justice advocates to highlight the need for coherent and gender-responsive fiscal policies to safeguard the rights of women and girls both in the UK and globally. The […]

READ MORE →

Historic event on women, human rights and tax justice in Bogota

BogotaLast week civil society organisations, researchers, labour union activists and policy makers met in Bogota, Colombia to explore how tax justice issues can ensure governments, multinational corporations and others meet their obligations to women in order to secure their full range of human rights. The Women’s Rights and Tax Justice conference opened with a conversation […]

READ MORE →

The Offshore Wrapper: the Panama Papers, one year on

Photos from the Protest outside PwC 1 Embankment Place, part of the Global week of action for tax justiceWelcome to the Offshore Wrapper – your weekly update from TJN.  Happy Paniversary! This week it’s been one year since the Panama Papers were leaked, and a number of organisations around the world have been marking the occasion though the global week of action for tax justice. In London, activists from the TJN and the […]

READ MORE →

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top