African countries can't tax non-existent revenue - as ever, a plea from me not to let great expectations run ahead of reality in tax4development - me in @FT today https://www.ft.com/content/d3b61f9e-3c3b-11e9-b72b-2c7f526ca5d0 … - and something longer with a graph @CGDevhttps://www.cgdev.org/blog/exaggerating-multinational-tax-avoidance-does-not-help-africa …
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Bit of a shame Maya that you quote Zucman against
@MattiKohonen on corporate tax avoidance, without also noting that his 2014 estimate of African wealth held offshore is 30%, double what Matti said in his letterpic.twitter.com/tDilTq29CG
I only argued with Matti on the MNC avoidance estimates in that letter, not on offshore wealth. There are other arguments w the Zucman figures on offshore wealth not so much on the scale, but on the assumption that it is mainly hidden outside of CRS exchange reach
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...which is not to say that it is all compliantly paying tax but as
@ICTDTax work has shown taxing HNWIs is complex, political, and not only a matter of tax evasion using offshore structures. - 6 more replies
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