Financial Transparency Coalition

International aid organization, Oxfam, released a new report last Thursday claiming there are a number of flaws with the Organization for Economic Co-Operation and Development's (OECD) plan to implement global tax reforms. The project, known as the Action Plan on Base Erosion and Profit Shifting (BEPS), attempts to address profit shifting, a process in which corporations move profits to subsidiaries in low-tax jurisdictions to avoid paying taxes where the profits were actually generated. Often, the countries in which the real profits were made are developing countries with higher corporate...

The international community has repeatedly stressed the need to mobilise domestic resources in developing countries, as the most sustainable way of financing development and ending aid dependency. Yet, many developing countries are affected by a number of challenges that limit their capacity to collect taxes. One such challenge is multinational companies’ lack of accountability regarding their operations and more specifically regarding the taxes they pay. This report explains how the cross border nature of multinational companies’ operations combined with the absence of adequate transparency regulations have very damaging implications for a country’s ability to mobilise domestic resources. Although this...

Every other week, the Task Force will be highlighting a Featured Allied Organization. The Task Force has 125 member organizations from all over the world which endorse its mission. Click here to access previous Featured Allied Organization posts. This week’s Featured Allied Organization is Pragati, Koraput. Pragati, Koraput was established in January 1992 with the mission

New Delhi: Paris-based think-tank OECD has mooted the idea of sending experts to developing countries, including India, to help in issues such as transfer pricing besides various bilateral taxation-related matters.