What next for global tax reform?

Head of IMF says it’s time to think outside the box on global taxHead of IMF says it’s time to think outside the box on global tax

The head of the International Monetary Fund (IMF), Christine Lagarde, has advised governments to start thinking ‘outside the box’ on global tax issues. At the same time, she cautioned against proposals by British-based charity Oxfam to create a UN global tax body which might face insurmountable challenges. The Panama Papers raised concerns all over the world about the tax-avoidance strategies of multinational companies and many – including US president Barack Obama – to call for international tax reform. The creation of an intergovernmental tax body seems unlikely because of the unwillingness of nation states to surrender their tax powers. Read more…

Share this article:
Share on Facebook0Share on Google+0Tweet about this on Twitter0Share on LinkedIn0Email this to someone

Comments are closed.