We cannot close our eyes to the fact that the current global tax system is having a disproportionate impact on those living in povertyThe rules that govern cross border profits enable systemic tax avoidance,because they allow profits to be shifted absent from where they are generated to another country with a lower (or zero) tax rate – all as a matter of accounting rather than real economic activities. These rules frequently serve the economic interests of the largest multinational corporations.
Although this all seems technical and esoteric, the human impact is devastatingly real. When profits are shifted out, and the tax revenues from those profits that could be available to fund healthcare,schools, water sanitation and other public goods vanish from the ledger, or leaving women and men,boys and girls without pathways to a better future.
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Source: theguardian.com