Statement, September 2019
South Centre Statement to the United Nations High Level Dialogue on Financing for Development
Four years after its adoption, Agenda 2030, “Transforming Our World,” the United Nations’ (UN) most recent and most ambitious development agenda, is off-track. Various estimates of the spending needed to achieve the Sustainable Development Goals (SDGs) range from $1 to $3 trillion. Domestically mobilized resources are critical to achieve these goals. A main source of the inadequate scale of public revenues are shortfalls in corporate tax collection, which are largely explained by international corporations hosted by or doing businesses in developing countries that take advantage of facilities offered by the international tax standards and practices to avoid full payment of taxes in those countries. A substantive global reform process involving a variety of multilateral platforms is underway. The question is not whether the system of global tax standards and practices will change, but in what direction it will change. Drawing lessons from the developing country context will be critical if the ongoing process of global tax reform will benefit developing countries and achieve substantial success in generating the income needed to effectively attain the SDGs.
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This article was tagged: 2030 Agenda for Sustainable Development, Base Erosion and Profit Shifting Project (BEPS), Digital Economy, European Union (EU), Financing for Development, Group of 77 and China (G-77 and China), High Level Panel on Illicit Financial Flows from Africa, Illicit Financial Flows (IFFs), Multinational Enterprises (MNEs), Organisation for Economic Co-operation and Development (OECD), Sustainable Development, Sustainable Development Goals (SDGs), Tax Cooperation, Tax Havens, Tax Law, Tax Policy, Tax Reform, United Nations (UN)