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OECD To Crackdown On Tax Avoidance By Multinationals


statsman

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Feb 25, 2011
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56,230
Expect calls for us to leave the OECD.
 

gerhard dengler

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Feb 3, 2011
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Here is another paper tiger. The OECD calls for a crackdown on tax avoidance by multinationals. After Cameron's attack in Davos last month here comes another call for a fundamental reform of the global tax system to catch international companies that dodge paying corporation tax. The OECD thinks it time to act.
A couple of years ago, the Guardian newspaper ran an excellent series of articles called Tax Gap.
It makes for interesting reading

The tax gap | Business | The Guardian

Getting international consensus on tax avoidance/tax evasion is going to be a job of work.
 

Grumpy Jack

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Oct 26, 2008
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A couple of years ago, the Guardian newspaper ran an excellent series of articles called Tax Gap.
It makes for interesting reading

The tax gap | Business | The Guardian

Getting international consensus on tax avoidance/tax evasion is going to be a job of work.
That might be the easy bit - getting the US, UK and others to change their tax rules first will be the big challenge.

For all the bleating they do about it, the US and UK govts, to name two, have done very little to change their own tax codes to prevent the type of CT operations they give out most about.

Given the lobbying power of US multinationals, do you think Obama will get the required reform through Congress - especially with such a recalictrant GOP in the House of Reps?
 

Mossy Heneberry

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Jun 10, 2009
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3,841
A couple of years ago, the Guardian newspaper ran an excellent series of articles called Tax Gap.
It makes for interesting reading

The tax gap | Business | The Guardian

Getting international consensus on tax avoidance/tax evasion is going to be a job of work.
AFAIK, The Guardian are no strangers to tax evasion (which is not illegal).
 

gerhard dengler

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Feb 3, 2011
Messages
47,554
That might be the easy bit - getting the US, UK and others to change their tax rules first will be the big challenge.

For all the bleating they do about it, the US and UK govts, to name two, have done very little to change their own tax codes to prevent the type of CT operations they give out most about.

Given the lobbying power of US multinationals, do you think Obama will get the required reform through Congress - especially with such a recalictrant GOP in the House of Reps?
All fair points.

I guess what's in the national interest will be used as the excuse, once the lobbyists persuade the politicians of their point of view.
 

Gracchus

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Oct 25, 2011
Messages
660
Good news, hopefully they can put on real pressure, and ideally in a few years after the ending of this tax evasion they can roll out a common corp tax worldwide. Could be in for a long ride to convince some countries about the benefits of this though.
 

Fractional Reserve

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Apr 30, 2011
Messages
8,326
the Western welfare state politicians are desperate , they have no money and no one wants to lend to them . They will rob plunder , steal , go after corporation , rich middle classes to keep the game going , they will drive investment into the floor , drive capital to where it feels safest as far away as possible where it will do most good .They will cause more deflation , austerity ,capital controls, civil unrest , but eventually they will turn on the printers when they can find no more area to cream and inflation will go nuts .The fun is only starting in this soveriegn debt crisis , the vote buying economic illiterate gobshyte politicians and their banksters masters are going to wreak havoc , lets get ready to rumble .
Here is another paper tiger. The OECD calls for a crackdown on tax avoidance by multinationals. After Cameron's attack in Davos last month here comes another call for a fundamental reform of the global tax system to catch international companies that dodge paying corporation tax. The OECD thinks it time to act.
 

cabledude

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Jan 23, 2011
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6,362
AFAIK, The Guardian are no strangers to tax evasion (which is not illegal).
Tax avoidance is legal. Tax evasion is illegal.

(EDIT : Gerhard already made this point)
 

gatsbygirl20

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Dec 1, 2008
Messages
22,790
Tax avoidance is the correct term.:|
Avoidance is legal
Evasion is illegal
Convenient that.

It belongs over on the "Pope Resigns" thread where arguments are breaking out about just such Jesuitical niceties.

The MNCs are I guess infallible and are guided by the Holy Spirit when deciding what tax to pay.
 
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