A thread about "Developing countries lose more to corporate tax dodging than they get in aid". This is widely believed, and widely quoted, by serious organisations, MPs, media, academics etc..... but it just isn't true.
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This is not just slightly not true. It is not a minor simplification. In countries where aid is significant it is *much larger* than estimates of revenue losses from corporate profit shifting.pic.twitter.com/h9G7vUvGii
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This doesn't mean that aid is really big by the way. Aid ranges up to $70 per person per year in these countries, while the corporate 'tax dodging' estimates are up to around $5 dollars. Per person. Per year.pic.twitter.com/TEVCXDJklw
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This doesn't mean corporate tax doesn't matter. Collecting corporate tax is one job of revenue authorities. Doing that job well matters. International tax rules and cooperation matter. But inflated expectations make for bad policy.
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I don't know how to say this better, or more clearly. Or why many people think it is unhelpful to do so. Yes it is disappointing. Yes it is not a great advocacy message. Yes it 'helps the other side' (if you see a battles between sides) But it matters to see clearly and be honest
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End of conversation
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