OECD plans to open up its tax reform process to developing countries | ActionAid UK

OECD plans to open up its tax reform process to developing countries

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Anders Dahlbeck, ActionAid Tax Justice Policy Adviser, commenting on the OECD’s plans to open up its tax reform process to developing countries, said:

“ActionAid welcomes the fact that the OECD has recognised the need for developing countries to have more of a role in global tax policy. However, inviting them to simply implement rules they weren’t part of writing misses the point. 

“Developing countries are estimated to lose US$200bn a year to corporate tax avoidance, hitting the poorest women and girls hardest. The OECD’s BEPS reform proposals fail to tackle tax avoidance by large multinationals in developing countries. Further reforms to the international tax system are needed that include developing countries as equal partners from the start to ensure that multinational companies pay their fair share of tax in poor countries.”

Ends

Notes to editors

  • IMF research estimates that developing countries may lose $200 billion a year to corporate tax avoidance — see p21, Fig 3 https://www.imf.org/external/pubs/ft/wp/2015/wp15118.pdf   
  • ActionAid / Oxfam poll shows that only 9% of UK adults agree that the current law is doing a good job of ensuring that large international companies pay the tax they are due around the world — http://www.actionaid.org.uk/latest-news/huge-majority-of-public-back-new-laws-to-clamp-down-on-tax-havens-actionaid-oxfam-poll  
  • ActionAid, Christian Aid and Oxfam have published a paper setting out how companies can work towards a responsible tax policy — http://www.actionaid.org.uk/getting-to-good-towards-responsible-corporate-tax-behaviour