UNCTAD investment report suggests “radical solutions” on tax including Unitary taxation

From the Financial Secrecy Media Monitor, a useful resource on tax havens or secrecy jurisdictions, a post looking at UNCTAD's World Investment Report 2013:

“…moves to combat tax avoidance through OFCs [Offshore Financial Centers] and SPEs [Special Purpose Entities] must go hand in hand with a discussion of corporate tax rate differentials between countries
…
“Such a discussion could also include transfer pricing mechanisms beyond OFCs and SPEs, including radical solutions to distribute tax revenues fairly across the operations of TNCs [Transnational corporations] based on real value added produced (e.g. based on a formula including sales, assets and employees, in a unitary approach).” (p18.)

Although this is just a tangential mention, and UNCTAD hasn't been a key player in this arena, we see this as one more example of the message slowly spreading. UNCTAD has occasionally worked on tax issues in the past - though the OECD doesn’t like it: a correspondent informs us that when UNCTAD did a report on transfer pricing in the 1990s, OECD officials went to Geneva expressly to warn them off 'their' patch.

More on this subject here.

Update: For more on corporate tax and transfer pricing see here.