Maya Forstater

Interesting. So what is the ‘transfer pricing’ done by multinationals to lower their effective tax rate across countries, irrespective of the general menchanism among govts, called?

There's a Danish idiom that roughly translates as "cherished child has many names" :) Transfer *mis*pricing, corporate tax avoidance, base erosion and/or profit shifting, illicit financial flows (which Maya loves), "tax dodging", aggressive tax planning, etc.

Ok thanks. In a development context then, I think, the word transfer pricing is often misused. From 0 to 100, where would you say we are on effective regulation of these?

Thx. With regards to BEPS, if rentier companies shift profits enough to save on say $10m in a country like Sierra Leone or Liberia, that’s huge for those countries, even if most of the revenue losses from BEPS accrues to developed countries.

Point taken on scale tho I think of tax revenue as pension scheme. Difference in returns in 40 years from adding $100 to your monthly contribution is huge. Also depends on econ structure of country. If based on extractives a few million dollars *each year* makes big difference.