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...

This post originally appeared on the blog of FTC member, Tax Justice Network. Last year, our colleagues at New Rules for Global Finance published a ground-breaking report on the governance and accountability of the leading financial rule-setting institutions, including those covering international tax cooperation, such as the G20, the OECD, the UN Tax Committee, and the IMF.  Their report is available here.

This article originally appeared on the blog of the Tax Justice Network, a coordinating member of the Financial Transparency Coalition. This blogger used to live in South Africa, not long after the end of Apartheid, where one of the common refrains he heard was “I am not a racist, but . . . ” – usually

Last month, the Organization for Economic Co-Operation and Development (OECD) released a report to outline how shifting to a new international information exchange system would work.