Financial Transparency Coalition

Today the OECD identified 15 policy action points and created a two-year timeline that it hopes will restore trust and fairness in what it concedes has become a flawed and discredited international tax system. The report, Action Plan on Base Erosion and Profit Shifting, recognises what the Financial Transparency Coalition (FTC) has known for years: That the integrity of the current global tax system has been undermined by multinational companies and their tax planners exploiting the boundaries of acceptable tax planning.

In a response to the OECD’s February report Addressing Base Erosion and Profit Shifting, 58 campaigning organisations say it’s time to make multinationals pay their fair share of tax. Eurodad, Christian Aid and others call on the OECD and G20 to work with the United Nations Tax Committee and governments in developing countries to define new rules for the taxation of multinational companies.