It is often said (on the basis of a misreading of an old UNCTAD report) that 60% of world trade happens within multinational companies. But best estimates are that it is around 30% says @nickshaxson at @TaxJusticeNet https://www.taxjustice.net/2019/04/09/over-a-third-or-more-of-world-trade-happens-inside-multinational-corporations/ …
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This is what i wrote on this back in 2015 https://www.cgdev.org/sites/default/files/CGD-policy-paper-69-Forstater-tax-dodging-dev-finance_2.pdf … (i.e. the same thing....)pic.twitter.com/VlqQFMrdTN
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For which i was told I was wrong and my motives were questionable by the leading lights of the tax justice movement
https://www.taxresearch.org.uk/Blog/2015/07/13/tax-justice-is-not-about-big-numbers/ …1 reply 0 retweets 1 likeShow this thread -
... And my point is not to be personally aggrieved. The article ends with the usual call for more data. Great. But data is no use without institutions, networks and organisational cultures that allow people to look at it, learn from it and question.
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Replying to @MForstater
and the OECD had clearly said 60%. Also, your anti-NGO crowd is too hung up on data/numbers, focusing on measurables and airbrushing out unmeasurables - with generic effect of skewing policy in favour of MNEs (see chapter in my Finance Curse book - can send it if u like.)
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Replying to @nickshaxson
Nick. I know that John Neighbour when he was at
@OECDtax once said 60% in an article in the OECD Observer magazine, and it was perhaps an honest mistake by many to read this as 'the OECD says' http://oecdobserver.org/news/archivestory.php/aid/670/Transfer_pricing:_Keeping_it_at_arms_length.html …1 reply 0 retweets 0 likes -
But it is unreferenced statement, and not in an official OECD report. So i think it is a mistake to interpret this (then, and still now) as the OECD "clearly saying" 60%pic.twitter.com/48536s7A2F
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Replying to @MForstater @OECDtax
fair dinkum on that oecd 60% statement. it was something that became a meme. was it on the basis of that 2002 article? I dunno, maybe. But that's also no reason to try and lowball the numbers either
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I picked 30% because that was your new figure from the US CBCR table, and because i don't think there are two significant figures of precision to any of these estimates. Perhaps better to say it is closer to a third than two thirds.
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