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12 Mar 2015

Oxfam welcomes independent commission reforming intl. corporate taxation to better serve public interest

"Political leaders and economists to tackle corporate tax avoidance through new independent commission", 11 Mar 2015

The time has come for developing countries to be on an equal footing when it comes to negotiations about global tax rules. This idea Oxfam has been pedalling for a while now, since the launch of our Business Among Friends report in May 2014…Currently, the ways things are when it comes to corporate tax means that multinationals can exploit a frankly outdated tax system to shift profits and dodge tax…Oxfam welcomes the setting up of an independent commission of economic and political experts, known as ICRICT (Independent Commission Reform of International Corporate Taxation), which was announced today…[I]t has been established to propose reforms to the global tax system to ensure it works in the broader public interest…[Experts] will consider alternatives for how a future tax system can better serve the public interest and the interests of developing countries…