Doubling Down on Tax Competition and Secrecy: Launch of two new reports
Four Ways to Tackle Tax Competition By the Independent Commission for the Reform of International Corporate Taxation & Overcoming the Shadow Economy.
These are the titles of two important new essays. Both reflect on a neglected issue this panel will deal with: In the wake of the G20/OECD’s Base Erosion and Profit Shifting proposals for tax reform, countries are grappling with the question of how to enhance their cooperation to tackle deep-seated problems in international corporate taxation. These problems include tax competition between countries, both in terms of the erosion of corporate tax base and rates, which risks undermining progress on tax reform to date. In addition, the revelations of the Luxembourg Leaks and the Panama Papers illustrate that globally, secrecy is a problem: it facilitates both money laundering and tax avoidance and evasion, contributing to crime and unacceptably high levels of global wealth inequality.
Uwe Optenhögel, Director Friedrich-Ebert-Stiftung Brussels
José Antonio Ocampo, Professor at Columbia University and ICRICT Chair
Magdalena Sepúlveda, Senior Research Fellow at the United Nations Research Institute for Social Development (UNRISD)
Edmund Fitzgerald, Professor at Oxford University
Joseph Stiglitz, Professor at Colombia University
Eva Joly, MEP, Vice-Chair of the Committee of Inquiry into Money Laundering, Tax Avoidance and Tax Evasion
Mark Pieth, Professor of Criminal Law at Basel University