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:
More on this subject here.
Update: For more on corporate tax and transfer pricing see here.
“…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 countriesAlthough 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.
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“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.)
More on this subject here.
Update: For more on corporate tax and transfer pricing see here.
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