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We are all agreed this tax should be paid. Clear laws, more audit capacity. Stronger enforcement, including penalties for egregious behaviour. All important.
But I do not think it aids understanding to bundle all of the revenue at stake in CIT audits with "illicit financial flows" - i.e. with money laundering, fraud, corruption, theft of public assets, organised crime. Different stuff. Different remedies. (also not really a 'flow').
What Nick fails to mention is the *further* category that he & colleagues at TJN are proposing to be included in measures of "illicit financial flows" -- that is 'misalignment' with the tax that would be legally due if tax laws were different: based on formulary apportionment.
This measure creates apparent massive "illicit financial flows" out of ordinary tax compliance.https://www.cgdev.org/blog/proposed-sdg-indicator-illicit-financial-flows-risks-conflating-ordinary-business-dirty-money …
He also fails to mention that most of what is included in *current* headlines on IFFs (and presented as being 'evasion by multinationals') is based on adding up gaps and mismatches in trade data which don't seem to be a good indicator of anything actually going on in tax.
This researcher stands by her conclusion, and asks that next time if you going to try to take on someone's arguments in a national newspaper at least do them them the courtesy of saying their name.pic.twitter.com/ctcHlF9Dkm
When a multinational knowingly claims money for itself that is in clear contravention of the relevant laws, but it gets away with it, maybe because the LIC's auditors are looking the other way, or poorly trained, would you call that theft of public assets? Many would.
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