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7 March - ActionAid’s New Report on Tax Treaties

Monday, 07 March 2016 00:00

ActionaidThe world’s poorest countries are robbed of billions of dollars in vital revenue due to tax avoidance strategies used by some multinational corporations.

ActionAid’s new "Mistreated" report is based on a dataset of 500 tax treaties signed by low- and lower-middle income countries in sub-Saharan Africa and Asia. This extensive research sheds lights on the tax agreements between LICs and wealthier countries and reveals the use of tax treaty networks to limit tax payments in LICs, therefore reducing the amount of crucial revenue as a vital source of public finance.

The report urges for the urgent review of these treaties, more transparency in the negotiation and ratification process as well as better impact assessment on revenue collection and development.

 

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