SouthViews No. 227, 29 September 2021
Ending Extreme Poverty by Ending Global Tax Avoidance
by Abdul Muheet Chowdhary
The world is estimated to lose around USD 500-600 billion in revenues from corporate tax avoidance each year. Ensuring that governments can collect this revenue through ending global tax avoidance will play a major role in ending extreme poverty. Overseas aid provided to developing countries focused on eliminating extreme poverty must therefore incorporate addressing tax avoidance, especially by Multinational Enterprises, as a core component of their efforts.
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This article was tagged: Base Erosion and Profit Shifting Project (BEPS), Corporate Tax, Development Aid, Development Assistance, Extreme Poverty, Globalization, HLP on International Financial Accountability Transparency and Integrity for Achieving 2030 Agenda (FACTI Panel), International Tax Cooperation, International Taxation, Migration, Multilateralism, Multinational Enterprises (MNEs), Poverty Eradication, Secrecy Jurisdictions, South Centre Tax Initiative (SCTI), Tax, Tax Avoidance, Tax Cooperation, Tax Havens, Tax Jurisdictions, Tax Law, Tax Planning, Tax Policy, Tax Reform