In Germany much more than in the UK, according to Simona Iammarino.
A deal among EU states, apparently overcoming strong opposition from the oil industry.
This is very good news for two reasons.
It’s no secret that proceeds from the sale of oil, timber, etc, often wind up in the pockets (and offshore bank accounts) of public officials around the world. It would be hard to add up the damage this does Continue reading
“OECD calls for crackdown on tax avoidance by multinationals” says the Guardian. The report Addressing Base Erosion and Profit Shifting outlines the problems national governments now have taxing big corporations as they move profits around the world in a shell game. Angel Gurria, the OECD’s head, is not overselling it when he says “democracy is at stake”: the legitimacy of democratic states is being undermined as they allow both large corporations and wealthy individuals to avoid taxation, shifting the burden to taxpayers of lesser means and the users of public services. And it is refreshing to see the OECD out front on this: it has no authority, but as the leading think tank of the rich industrial democracies it can help shape the consensus and provide a focal point for action. Richard Murphy – an authoritative source these matters, and long a trenchant critic of the OECD’s half measures – is pleased by the report.
What is really funny is the line “The OECD said many countries had failed to update their tax rules to cope with the digital age.” Continue reading