Addis Tax Initiative to combat tax evasion by multinationals
"Global tax initiative launched as activists push for UN tariff body"
A new tax initiative dubbed the Addis Tax Initiative was launched Wednesday at the ongoing Third Financing for Development conference in Addis Ababa to strengthen international cooperation with developing countries and enhance domestic resource mobilisation. Analysts argue that stepping up domestic resource mobilisation is central to ensuring solid financing of the Post-2015 Development Agenda...
While the initiative aims to promote effective, fair and efficient tax systems and combat tax evasion and inappropriate tax practices on a global scale, activists maintain that creation of a UN Tax body is still necessary to enable the developing world to combat tax evasion by multinationals. According to Claire Godfrey, Oxfam’s Senior Policy Advisor, the initiative needs to accelerate donor government commitments to improve progressive national taxation as well as bolster country efforts to tackle tax dodging practices.