Building Institutions for a Globalized World: Automatic Information Exchange / Itai Grinberg -- Let's Tax Anonymous Wealth! A Modest Proposal to Reduce Inequality, Attack Organized Crime, Aid Developing Countries, and Raise Badly Needed Revenue from the World's Wealthiest Tax Dodgers, Kleptocrats, and Felons / James S. Henry -- Country-By-Country Reporting / Richard Murphy -- Hanging Together: A Multilateral Approach to Taxing Multinationals / Reuven S. Avi-Yonah -- Stateless Income and its Remedies / Edward D. Kleinbard -- The Arm's Length Standard: Making It Work in a 21st-century World of Multinationals and Nation States / Lorraine Eden -- The Taxation of Multinational Enterprises / Lee Corrick -- More Than Just Another Tax: The Thrilling Battle over the Financial Transaction Tax: Background, Progress, and Challenges / Peter Wahl -- Towards Unitary Taxation: Combined Reporting and Formulary Apportionment / Sol Picciotto -- An International Convention on Financial Transparency / Harold Tollan -- Lakes, Oceans, and Taxes: Why the World Needs a World Tax Authority / Vito Tanzi -- Tax Competitiveness-a Dangerous Obsession / Nicholas Shaxson, John Christensen -- A Fair Deal in Extractives: The Company Profit-related Contract / Johnny West -- Self-Help and Altruism: Protecting Developing Countries' Tax Revenues / Michael C. Durst -- Ten Ways Developing Countries Can Take Control of their Own Tax Destinies / Krishen Mehta, Erika Dayle Siu
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SUMMARY OR ABSTRACT
Text of Note
The book addresses sixteen different reform proposals that are urgently needed to correct the fault lines in the international tax system as it exists today, and which deprive both developing and developed countries of critical tax resources. It offers clear and concrete ideas on how the reforms can be achieved and why they are important for a more just and equitable global system to prevail. The key to reducing the tax gap and consequent human rights deficit in poor countries is global financial transparency. Such transparency is essential to curbing illicit financial flows that drain less developed countries of capital and tax revenues, and are an impediment to sustainable development. The policy reforms outlined in this book not only advance tax justice but also protect human rights by curtailing illegal activity and making available more resources for development