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Is that right?
So the 6bn figure comes from the PSI report https://pop-umbrella.s3.amazonaws.com/uploads/9dacd52a-6987-4dcb-a90c-4a1146f4a342_Taxing%20Multinationals.pdf … which references "another study" - which when you follow the footnote is Cobham, Faccio and Fitzgerald 2019 https://osf.io/preprints/socarxiv/j3p48/ … ....pic.twitter.com/dfRezkgKRJ
Saying "it is only based on one data source" makes it sound like a point about data quality. But the salient thing about the Cobham, Faccio & Fitzgerald study which is being skated over here is it is only based on redistributing the profits of US MNEspic.twitter.com/goZ76wjp4M
The 'IMF model' being tested is that routine profits are taxed in relation to where capital assets are, and residual profits are taxed by a formula of sales & employment.pic.twitter.com/saEVE0Nd7q
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end tax inequality
curb tax avoidance
improve administration
This could raise £69bn for public services.
