WUNRN
By the Independent Commission for the Reform of International Corporate Taxation – ICRICT
The multiple issues on International Corporate Taxation affect all of us! This theme of International Corporate Taxation will be a heated debate at the UN Financing for Development Conference.
“While the wealthy few have tremendous vested interest in the current dysfunctional system, boys and girls, women and men, those living in poverty, the vulnerable, and the marginalized, have lost the most.”
Direct Link to the Full 16-Page 2015 Declaration:
http://www.icrict.org/wp-content/uploads/2015/06/ICRICT_Com-Rec-Report_ENG_v1.4.pdf
Declaration of the Independent
Commission for the Reform of International Corporation Taxation
Commission
STATEMENT OF PRINCIPLES
1. Tax abuse by multinational corporations increases
the tax burden on other taxpayers, violates the corporations’ civic
obligations, robs developed and developing countries of critical resources to
fight poverty and fund public services, exacerbates income inequality, and
increases developing country reliance on foreign assistance.
2. Abusive multinational corporate tax practices are a
form of corruption that weakens society and demands urgent action. This is even
true when the practices of corporations are within the law, and especially so
when corporations have used their political influence to get tax laws that
provide them scope for such abuses.
3. Multinational corporations act – and therefore
should likewise be taxed – as single firms doing business across international
borders. This is essential because multinational corporations often structure
transfer pricing and other financial arrangements to allocate profits to shell
4. Tax havens facilitate abusive tax practices with
enormous negative effects on the global community.
5. Greater transparency and access to information are
critical first steps to stop tax abuses.
6. Every individual and country is affected by
corporate tax abuse, and therefore the debate over multinational corporate tax
avoidance should be widened and made more accessible to the public.
7. Inclusive international tax cooperation is
essential to combat the challenges posed by multinational corporate tax abuse.