OECD, UN & World Bank recognise uncertain, unbalanced and unstable taxes as an absolute barrier to inward investment and economic development as a whole. Yet time and time again the "tax justice" industry creates unrealistic expectations and causes chaos and paralysis. Stop it.
And this is why Africa represents a small portion of any global estimate of multinational tax avoidance. You can't tax investment you haven't got. Tax costs and uncertainty are a factor in the investment environment. So debate on tax should be evidence based not wishful thinking.https://twitter.com/LopesInsights/status/1130543645810147328 …
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Thank you for continually shedding light on the truth of
#tax avoidance—or lack thereof. More people should question the nonsense put out by@OECDtax,@taxjustice,@EU_Commission,#governments, and NGOs.#internationaltax#TaxTwitterThanks. Twitter will use this to make your timeline better. UndoUndo
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That and they have limited ability to properly enforce key concepts like transfer pricing, and have endemic corruption.
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The same picture emerges if you look at GDP and especially per capita GDP. Hard to see where there might be untaxed surplus value, except perhaps in extractives, where Formulary Apportionment would not help.
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