Key messages of this report
- international corporate taxation is broken and archaic and it harms all countries, especially developing countries.
- The Base erosion and profit Shifting (BepS) project will not solve tax-dodging and is not addressing the deeper problems associated with tax rules and treaties which harm poorer countries.
- Developing countries can’t wait for global agreement. Some have taken action to protect their corporate tax revenues. Others could do the same.
- in the long term, a new global deal is needed to curb tax competition between countries and tackle tax avoidance.