CGD Policy Blogs
Originally posted on Richard Murphy's Tax Research UK.org blog on November 21st.
A new paper from Gabriel Zucman (of London School of Economics, and erstwhile co-author of Thomas Piketty) in the (free-to-view) Journal of Economic Perspectives represents a milestone in the academic economics literature.
OECD countries and others have agreed on a new standard for multinational companies to report their economic activities, including profits and tax payments, on a country-by-country basis.
Did you know that Iran had tax revenues greater than its GDP for three years in the late 1980s? Or at least that’s the impression you’d get if you — like many researchers — were to combine tax data from the IMF’s Government Financial Statistics and the GDP series from the IMF’s International Financial Statistics.
There is broad consensus on the need for the post-2015 successor framework to the Millennium Development Goals to respond to the challenge of illicit financial flows (IFF).
In 2010 I calculated (for a Christian Aid report) that if Zambia had received in 2008 the same export prices in each copper category as had been declared on Swiss exports, then Zambia’s recorded GDP would have been 80 percent bigger.
Yesterday in a blog about the World Bank and open contracting, I mentioned the bank had put out more data on contracts that it finances. The covered contracts are those that were large enough for World Bank procurement procedures to mandate “prior review” by bank staff before they were awarded, a designation that covers the considerable majority of bank-financed contract value.
What do Argentina, India, and South Africa have in common with Jersey, Cayman and the Turks and Caicos? They’ve just agreed to share financial information with each other, for tax purposes.