Tax justice
This presentation is the property of its rightful owner.
Sponsored Links
1 / 12

Tax Justice PowerPoint PPT Presentation


  • 55 Views
  • Uploaded on
  • Presentation posted in: General

Tax Justice. Debt and Development Coalition Ireland ICTU Global Solidarity Summer School. Debt and Development Coalition Ireland. National network Solidarity based with activists and social movements in the Global South

Download Presentation

Tax Justice

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Tax justice

Tax Justice

Debt and Development Coalition Ireland

ICTU Global Solidarity Summer School


Debt and development coalition ireland

Debt and Development Coalition Ireland

  • National network

  • Solidarity based with activists and social movements in the Global South

  • Focus on financial exploitation of the Global South: South-North resource flows

  • Debt, role of international financial institutions (World Bank; IMF) and tax justice


A myraid of crises for global south

A Myraid of Crises for Global South

  • Pre- existing poverty levels – not on target to meet MDGs

  • External Debt $3 trillion ($100m payments per day)

  • Financial crisis: reduction in remittances (Kenya: 5% GDP, fall in ‘08 by 33%); growing unemployment (up by at least 40m in ‘09 GS); $2 trillion financial shortfall in Global South; 30% drop in exports.


A myraid of crises for global south1

A Myraid of Crises for Global South

  • Food Crisis: FAO: 100m more people in chronic hunger in 2009.

  • Climate crisis: Approx 26 million people displaced already; 375 million people may be affected by climate disasters by 2015; 200 million people may be displaced each year by 2050; major cities dependent on water from mountain ranges face collapse

  • A new debt crisis: Countries such as Zambia already facing unsustainable debts


Tax consensus

‘Tax Consensus’

  • ‘Tax Consensus’ – tax competition as approach to national ec devmt and corporate business models

  • Low tax regimes by govmt & ‘tax minimisation’

  • Strongly supported by World Bank and IMF in Global South

  • Increasing role of tax havens: $7 trillion stashed in tax havens


Why tax justice the scale of tax dodging

Why Tax Justice? The scale of tax dodging

  • At least $160 billion every year lost to Southern countries due to tax evasion.

  • Significantly greater than all the aid received by South from North.

  • $160 Bn Could save 350,000 children’s lives


Tax dodging how does it work

Tax Dodging: How does it work?

  • Transfer pricing – companies exaggerate costs and minimise profits

  • 60% of international trade takes place within TNCs

  • Profits are transferred to holding companies based in tax havens


Tax havens

Tax havens

  • Allow non-residents to open bank accounts

  • No disclosure of information to other countries

  • Cayman Islands – 5th largest banking centre - $2 trillion

  • Also Switzerland, Isle of Man, Jersey – and Ireland


Tax and development

Tax and Development

  • Strong tax base essential if countries are to build stronger democratic states:

  • Rltns bwtn gvmt & citizens, and real exit strategies from aid dependency.

  • Direct taxation and corporate taxation NB.


Moving up the agenda financial crisis tax havens

Moving up the Agenda: Financial Crisis & Tax Havens

  • Banks and hedge funds engaging in risky practices used tax havens.

  • Losses and liabilities hidden off balance sheet

  • G20 / Obama raising questions about tax havens; OECD ‘concern’; race to sign info exchange agreements


Demands for change

Demands for change

  • End to banking secrecy – automatic exchange of information

  • Control over accountancy firms – end to self-regulation

  • Country-by-country reporting for TNCs


Campaign for tax justice

Campaign for Tax Justice

  • Debt and Development Coalition Ireland & wider tax justice network

  • We need trade union support in Ireland!

  • [email protected]; 01 6174835; www.debtireland.org


  • Login