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David McNair: IASB Should Implement Country-by-Country Reporting
September 10th, 2009
David McNair, senior economic justice advisor at Christian Aid and a contributor to this blog, wrote a fantastic essay for today, in which he highlights the disastrous ramifications posed by tax havens for developing countries and calls for the adoption of country-by-country reporting standards and automatic exchange of tax information. McNair specifically notes that transfer mispricing alone (an illicit technique used by multinational corporations to evade paying taxes) costs developing countries $160 billion per year according to Christian Aid research. Indeed, the problem is likely even larger than this as Global Financial Integrity has published...
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