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Thread: OECD To Crackdown On Tax Avoidance By Multinationals

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    Default OECD To Crackdown On Tax Avoidance By Multinationals

    Here is another paper tiger. The OECD calls for a crackdown on tax avoidance by multinationals. After Cameron's attack in Davos last month here comes another call for a fundamental reform of the global tax system to catch international companies that dodge paying corporation tax. The OECD thinks it time to act.
    Last edited by YouKnowWhatIMeanLike; 12th February 2013 at 06:13 PM.

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    Politics.ie Member statsman's Avatar
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    Expect calls for us to leave the OECD.
    Put a thief among honest men and they will eventually relieve him of his watch. Flann O'Brien

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    Politics.ie Member gerhard dengler's Avatar
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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    Here is another paper tiger. The OECD calls for a crackdown on tax avoidance by multinationals. After Cameron's attack in Davos last month here comes another call for a fundamental reform of the global tax system to catch international companies that dodge paying corporation tax. The OECD thinks it time to act.
    A couple of years ago, the Guardian newspaper ran an excellent series of articles called Tax Gap.
    It makes for interesting reading

    The tax gap | Business | The Guardian

    Getting international consensus on tax avoidance/tax evasion is going to be a job of work.
    Politics.ie moderators should moderate instead.
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    Quote Originally Posted by statsman View Post
    Expect calls for us to leave the OECD.
    what has the OECD ever done for Ireland?

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    Politics.ie Member Grumpy Jack's Avatar
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    Quote Originally Posted by gerhard dengler View Post
    A couple of years ago, the Guardian newspaper ran an excellent series of articles called Tax Gap.
    It makes for interesting reading

    The tax gap | Business | The Guardian

    Getting international consensus on tax avoidance/tax evasion is going to be a job of work.
    That might be the easy bit - getting the US, UK and others to change their tax rules first will be the big challenge.

    For all the bleating they do about it, the US and UK govts, to name two, have done very little to change their own tax codes to prevent the type of CT operations they give out most about.

    Given the lobbying power of US multinationals, do you think Obama will get the required reform through Congress - especially with such a recalictrant GOP in the House of Reps?

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    Politics.ie Member sondagefaux's Avatar
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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    what has the OECD ever done for Ireland?
    The OECD can only recommend policies, based on evidence it has gathered. It doesn't dish out money if that's what you're whinging about.
    Mark Murray.

  7. #7

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    Quote Originally Posted by gerhard dengler View Post
    A couple of years ago, the Guardian newspaper ran an excellent series of articles called Tax Gap.
    It makes for interesting reading

    The tax gap | Business | The Guardian

    Getting international consensus on tax avoidance/tax evasion is going to be a job of work.
    AFAIK, The Guardian are no strangers to tax evasion (which is not illegal).
    ''The tattoo has a profound meaning: the superficiality of modern man’s existence.'' - Theodore Dalrymple

    "Any fool can make something complicated. It takes a genius to make it simple." - Woody Guthrie

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    Politics.ie Member gerhard dengler's Avatar
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    Quote Originally Posted by Grumpy Jack View Post
    That might be the easy bit - getting the US, UK and others to change their tax rules first will be the big challenge.

    For all the bleating they do about it, the US and UK govts, to name two, have done very little to change their own tax codes to prevent the type of CT operations they give out most about.

    Given the lobbying power of US multinationals, do you think Obama will get the required reform through Congress - especially with such a recalictrant GOP in the House of Reps?
    All fair points.

    I guess what's in the national interest will be used as the excuse, once the lobbyists persuade the politicians of their point of view.
    Politics.ie moderators should moderate instead.
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    Politics.ie Member gerhard dengler's Avatar
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    Quote Originally Posted by Mossy Heneberry View Post
    AFAIK, The Guardian are no strangers to tax evasion (which is not illegal).
    Tax avoidance is the correct term.
    Avoidance is legal
    Evasion is illegal
    Politics.ie moderators should moderate instead.
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    Politics.ie Member Gracchus's Avatar
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    Good news, hopefully they can put on real pressure, and ideally in a few years after the ending of this tax evasion they can roll out a common corp tax worldwide. Could be in for a long ride to convince some countries about the benefits of this though.
    “The French Revolution was nothing but a precursor of another revolution, one that will be bigger, more solemn, and which will be the last.” Babeuf

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