Tax Justice Network | The fourth session of negotiations on a world-first UN Framework Convention on International Tax Cooperation concluded last week in New York, bringing countries significantly closer to a consolidated zero draft ahead of the August negotiation session. Over eight days, governmen...
Tax Justice Network | Starbucks provides a great example of how the current global tax system is abused in order to shift profits from producer countries in the Global South to multinational corporations headquartered in the Global North. It also shows why the current UN Tax Convention negotiations...
Tax Justice Network | The International Chamber of Commerce has published, circulated among delegates, and promoted at a side event a report claiming that the global implementation of withholding taxes under Article 12AA of the UN Model would produce net losses for the global South.
The Tax Justic...
Tax Justice Network | Without any public debate, EU countries have agreed to exempt US multinationals from most of the elements of the global minimum tax – when the tax dodging of those same US multinationals costs the bloc €14 billion in lost revenues each year. The loss is a significant underminin...
CNBC | The gap between the best and worse off Americans is growing — and economists don’t see an end in sight. The “K-shaped” economy has been top of mind for consumers, corporate leaders, policymakers and investors since the Covid pandemic drastically reshaped Americans’ financial habits almost six...
Oxfam | Billionaire fortunes have grown at a rate three times faster than the previous five years since the election of Donald Trump in November 2024. While US billionaires have seen the sharpest growth in their fortunes, billionaires in the rest of the world have also seen double digit increases. T...