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@icrict

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Independent Commission for the Reform of International Corporate Taxation (ICRICT). Chaired by @JosephEStiglitz and @Jayati1609

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Joined February 2015
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@icrict
Icrict
5 months
This is the historic moment today when the world decided that a new global tax system is needed, it is possible, and they are going to work for it. At the  @UN .
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2 years
“Oligarchs don’t only come from Russia. We need a global asset register: everybody should know where people are stashing away their wealth and it’s a way to end tax evasion and to give us fiscal space”: @icrict 's @Jayati1609 during @GA4TJ event on #TaxJustice for #WomensRights
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3 years
"Un impôt sur les bénéfices des multinationales à l'étranger avec un taux de 25% rapporterait 26 milliards d'euros à la France, soit 10% du budget de la santé. Un taux de 15% signifie seulement 1% en plus. Le gouvernement doit choisir": @PikettyLeMonde de l' @icrict à @franceinter
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6 months
“When you are very rich, you can structure your income so you don’t pay tax, zero. These are not isolated cases, this is a regressive phenomenon, where those who should pay the most are paying the least” @gabriel_zucman @taxobservatory @fesnewyork @UNDP #Tax4SDGs2023
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5 years
If we don’t get formularly apportionment via the @OECDtax Inclusive Framework, it’s US election next. Watch @PeteButtigieg discussing how formularly apportionment could be used to stop tax avoidance via @TheDailyShow
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2 years
"Tanto Colombia como Chile están avanzando en la dirección correcta: la principal manera de tener más espacio fiscal es una tributación más progresiva", dice el copresidente de @icrict @JosephEStiglitz durante los #AnnualMeetings con @Oxfam , @justiciafiscal , @latindadd y @GIESCR
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17 days
“You ask me why we should tax the rich, at this particular point in time, why now? It’s obvious, it’s where the money is” @JosephEStiglitz #WBGMeetings
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1 year
ICRICT co-chair @Jayati1609 and @MinHacienda - and former ICRICT chair - @JoseA_Ocampo at the #SpringMeetings . ⿡ 1⃣It’s time for new international tax negotiations 2⃣It's time to tax windfall profits and wealth 🧵
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2 years
"I think Colombia and Chile are moving in the right direction", says @JosephEStiglitz . "Why? Not just in Chile/Colombia, but also in the US the richest in our society gets away without paying its fair share, it undermines social solidarity and gives rise to demagogues.
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2 years
There is an obvious answer. Tax the windfall profits and use some of the revenues to help those suffering,", said @icrict co-chair @JosephEStiglitz in an interview to @AFP at @icrict annual meeting hosted by @PSEinfo
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1 year
“We introduced a windfall tax for the oil & coal sectors, which are major exports of Colombia. People said these reforms would reduce investments in Colombia, but they're actually increasing” @JoseA_Ocampo
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23 days
🚨 #TaxTheRich meets #WBGMeetings With @JosephEStiglitz , @gabriel_zucman , Esther Duflo, @chenaimukumba , @GuilSMello 🇧🇷, Sanjay Malhotra 🇮🇳, Katherine Baer @IMFNews & @andrea_shalal @Reuters Don't miss it! 📆Wed 17th April 🕥 4-5.30pm EDT 💻zoom:
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8 months
“Rich people pay actually a small share, rich corporations pay very little. And the net result of that is that we have an unfair and distorting global tax system” @JosephEStiglitz at @WHO @UNDP event today in NY
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10 months
Breaking: We have been informed that @IMFNews is putting pressure on the Sri Lankan government to drop a proposal to introduce a digital services tax as a condition to further financial assistance. We think this is unacceptable. Our letter to @KGeorgieva :
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2 years
ICRICT is proud of the appointment of its Chair @JoseA_Ocampo as the Minister of Finance in the new Colombia's government. He will make a decisive contribution to the @petrogustavo government in its fight against inequality. /1
@petrogustavo
Gustavo Petro
2 years
Jose Antonio Ocampo será nuestro ministro de hacienda. Construir una economía productiva y una economía para la vida.
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7 months
"With the CHIPS act, the USA violated the WTO rules. We wrote the international rules and as long as they were convenient for us we obey them, now that they are inconvenient for us we don’t obey them until we rewrite the rules for our own interest" @JosephEStiglitz @EUI_EU
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2 years
AN EMERGENCY TAX PLAN TO CONFRONT THE INFLATION CRISIS @icrict new report is out! You can read it here:
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17 days
“World’s emission are highly unequal. An American in the top 10% emits 122 times more than an African. A minimum tax on the super rich is a no brainer to start compensating how climate change is affecting poor countries” Esther Duflo #WBGMeetings @PSEinfo
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2 years
In Part I, we look at the need to tax the superprofits of multinationals. Listen to our co-chair @JosephEStiglitz (in conversation with @AFP ) explaining why it makes sense to tax windfall profits.
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2 months
Tax negotiations are finally happening at the @UN to agree a #UNtaxconvention to deliver a global tax system that is fair to ALL countries and where ALL multinationals and the super-rich pay their fair share. Read @icrict letter to the UN ad-hoc committee
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6 months
“The Trump tax reform was supposed to stimulate investment. What it did stimulate was a transfer to the rich” @JosephEStiglitz #Tax4SDGs2023 @fesnewyork @taxobservatory @UNDP
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2 years
"Es necesario llegar a un acuerdo fiscal en América Latina que se base en el acuerdo del #G20 / @oecdtax , y que en última instancia puede allanar el camino para un acuerdo universal en la ONU" @JoseA_Ocampo @MinHacienda #ReunionesFMI
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2 years
🔴¡Hoy! ¿Qué tipo de reformas tributarias proponen #Colombia y #Chile ? Conócelas junto a @JoseA_Ocampo 🇨🇴, @clausanhueza 🇨🇱 en conversación con el copresidente @JosephEStiglitz , @Gabucher y @igoldfajn 🗓Jueves 13/10 - 11:30-12:45pm EST 📺 En vivo por
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1 year
We are delighted to announce that @Martin_M_Guzman is joining @icrict as a new commissioner. We look forward to working together to deliver a progressive global tax system where multinationals and the richest in our society pay their fair share.
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4 months
Curios on why we should #taxtherich ? Then listen to ⁦ @JosephEStiglitz ⁩ ⁦explaining why. ⁦ @wef ⁩ ⁦ @UNDP
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2 months
“In 30 years will ask ourselves why did we tolerate the super-rich, the billionaires, paying so little in taxes. This is a political and intellectual failure” @gabriel_zucman #UNtaxconvention
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10 months
"We wish to congratulate the @FT for exposing the duplicity of @OECD . Our commission has long been concerned about its central role in recent efforts to make multinationals pay their fair share" Read our co-chairs @JosephEStiglitz & @Jayati1609 letter⬇️
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1 year
The process to build a tax pact for Latin America and the Caribbean begins, and we, at @icrict , are thrilled ! The 🇨🇴 government announced in @Davos that it will host the 1st Summit for a global, inclusive, sustainable and equitable taxation in the region.
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2 months
It’s no longer acceptable that the super-rich pay less taxes than a school teacher in Delhi or a factory worker in São Paulo. @g20org : It's past time that we tax them. @Jayati1609
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6 months
Taxing billionaires is hard because their wealth is organized in a way that generates little taxable income. That’s why the income tax is not enough, because the notion of income is not well defined. Wealth is well-defined. @gabriel_zucman at the EU Tax Symposium @EU_Commission
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1 year
“The idea is to have a mechanism of real cooperation that will go over what we consider the frustrating results of the @OECDtax negotiations of a couple of years ago,” @JoseA_Ocampo told @Reuters on the sidelines of the @wef annual meeting. #wef23
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1 year
"Across the world we have moved to more & more regressive taxation, taxing wealth & the richest 10% less. This is because of the power imbalances in our economies." Our Co-Chair @Jayati1609 at @TheNewSchool in dialogue w/ @UNHumanRights @volker_turk & Prof. @DarrickHamilton
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2 years
Know everything about the road to progressive tax reforms in #Colombia and #Chile with Minister @JoseA_Ocampo , Undersecretary Minister @clausanhueza , @icrict co-chair @JosephEStiglitz , @Oxfam Executive director @Gabucher and @IMFNews director @igoldfajn 🗓️13 Oct 11:30-12:45 am
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2 years
Listen to @icrict @LEONCENDIKUMANA about the @OECDtax inclusive framework: "In reality, rich countries, which own the multinationals, set the global tax rules, and the multinationals, through lobbying, set the rich countries' agenda"
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1 year
"Obviamente é importante ter um sistema tributário eficiente e isso exige simplificação. Mas o que é ainda mais ou igualmente importante para o #Brasil é reformular o sistema tributário para combater a desigualdade": leia @JosephEStiglitz via @bbcbrasil
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2 years
"Tax justice has an important role in addressing inequality. The tax reform I am proposing is built on the principles of progressivity & equity. It reforms a tax system that favors taxpayers with higher incomes and those that derive it from capital." @JoseA_Ocampo @MinHacienda
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1 year
Big day for the geopolitics of international tax architecture. All United Nations members approved by consensus the #AfricaGroup 's proposal for "Promotion of inclusive and effective international tax cooperation at the @UN
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10 days
There are decades where nothing happens; and there are weeks where decades happen. #TaxTheRich
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4 years
BREAKING: @icrict new report is out: "The global pandemic, sustainable economic recovery and international taxation" Download it here: @SwannyQLD @gabriel_zucman @PikettyLeMonde @LEONCENDIKUMANA @EvaJoly @JosephEStiglitz @Jayati1609 @rmartner1 @Magda_Sepul
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8 months
Should the @UN play a bigger role in setting global tax rules? Ahead of this week's UNGA discussions in New York, our co-chair @JosephEStiglitz explains why it is a good platform for inclusive and global negotiations.
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11 months
Hoy inicia la Cumbre para un nuevo pacto financiero mundial en Paris. La pregunta fundamental es: ¿de dónde saldrán los recursos para luchar contra el cambio climático? -Gravando las superganancias #NewGlobalFinancingPact #ParisSummit
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4 years
World leaders are meeting in #Davos2020 this week. They should think about the reaction of Martians landing on Earth and finding out that multinationals making huge profits pay virtually no taxes, while inequality continues to grow worldwide: watch @icrict 's @Jayati1609
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5 months
"Economists and campaigners in @icrict said in an open letter this week that “there is both an urgent need and an unprecedented opportunity to bring about significant reform of the international corporate taxation system” under the auspices of the UN"
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2 years
“Windfall taxes are a low-hanging fruit to fight the ripple effects of inflation in households struggling with higher energy prices. These are real alternatives to austerity for governments” @icrict Co-chairs @Jayati1609 & @JosephEStiglitz at @PSEinfo
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2 years
We are delighted to announce @Jayati1609 and @JosephEStiglitz as the new co-chairs of @icrict , taking over from Minister @JoseA_Ocampo @MinHacienda , who we thank for his chairmanship over the last 7 years. Our press release:
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3 years
Ecoutez @PikettyLeMonde , membre de @icrict , critiquer le manque d'ambition du gouvernement français et à l'appeler à adopter, comme le propose @POTUS , un impôt minimum d'au moins 21% sur les filiales des multinationales à l'étranger. L' @icrict plaide pour 25%. Via @franceinter
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8 months
The accumulation of extreme wealth by the world’s richest is corroding our collective future. Economists, millionaires, and politicians from around the world agree: it’s time for the #G20 to finally do something about it. #taxextremewealth
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1 year
@Jayati1609 @JosephEStiglitz @JosephEStiglitz : Debating these issues open the scope for what can be done. @JoseA_Ocampo , who was Chair of our Commission, and now the Finance Minister in Colombia, has succeeded in introducing a wealth tax. All these are matters of choice.
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3 years
136 out of 140 countries and jurisdictions agree to global tax deal in @g20org / @OECDtax Inclusive Framework. 🇰🇪🇵🇰🇱🇰🇳🇬 do not. What does this mean for @G7 countries, and for developing countries? Our commissioner @Jayati1609 explains
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17 days
Taxing the rich - Time for a wealth tax @JosephEStiglitz in @politico
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2 years
"Super profits are not the prerogative of energy multinationals: the pharmaceutical, food, financial and digital sectors are all raking it in, while a significant proportion of humanity is actually starving”: @icrict co-chair @Jayati1609 Read our report:
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9 months
La competencia fiscal internacional es una ecuación negativa. Beneficia sólo a los accionistas de multinacionales. Y agrava la desigualdad. Hoy en Cartagena🇨🇴, AmLat y Caribe avanzan hacia la justicia fiscal. @gabriel_zucman lo explica aquí▶️ #PactoFiscalYa @eutaxobservatory
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1 year
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4 years
Who will pay for post COVID-19 recovery@ @PikettyLeMonde explains why corporate and wealth taxation go hand in hand to deliver a progressive global tax system. Download @icrict new report here:
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3 years
Can 🇺🇸 now cooperate with the 🌍 to put an end to the race to the bottom in corporate taxation of multinationals & introduce formulary apportionment & a global effective minimum tax of 25%?Listen to our ⁦⁦ @Jayati1609 at @IMFNews @Oxfam panel to see how this can become reality
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3 years
"To put it frankly it's a bit of a sell-out" our commissioner @Jayati1609 reaction to the @G7 "historic global tax deal" on @BBCWorld
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2 years
"No more excuses, no more pandemics, no more wars to justify lack of action": @icrict calls on G-20 leaders to convene an urgent international summit to address offshore wealth, deploying a fast plan to implement a Global Asset Registry. Via @guardian
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13 days
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17 days
“We, @IMFNews , are in favour of taxing the super rich to ensure tax system are progressive. Having @g20 advancing this agenda helps a lot to ensure countries introduce measure to ensure the rich pay their fair share” Katherine Baer @IMFNews #WBGMeetings
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1 year
It's time for more inclusive and effective tax cooperation at the @UN . Our letter to @antonioguterres 👉
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5 months
“A UN convention opens the door to more transparency in tax. According to the economists @JosephEStiglitz and @Jayati1609 , the @OECD has long tilted reforms in favour of its members – advanced countries – and the corporations in them” @guardian
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1 year
"An intergovernamental tax body at the @UN is the logic answer. It's an alternative that we should seriously consider, as the @UN is truly inclusive, truly representative of developing countries, unlike the @OECD " @JoseA_Ocampo #PactoFiscalLAC
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2 months
Progressive taxation is a key pillar of democratic societies. A progressive tax system strengthens social cohesion and trust in governments. A progressive tax system is critical to fund the public goods that are engines of economic growth. @gabriel_zucman message to @g20org
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3 years
140 countries meet this Friday to endorse a "global tax deal". But who is the deal for? Join @icrict G-24 debate "A global tax deal: a victory for who?" with @JoseA_Ocampo @JosephEStiglitz @Jayati1609 @Martin_M_Guzman 📽️ 🗓️ 7 October 9-10.15am EST
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1 year
"A well-designed tax on windfall profits can both spur investment and raise revenue. The revenue would enable countries to fund increased public services that can help all citizens, especially the most vulnerable": @icrict co-chair @JosephEStiglitz @CNN
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3 years
"Si l’on en reste à un taux minimal d’imposition de 15 % sur les profits offshore des multinationales, il s’agit de l’officialisation d’un permis de frauder pour les plus puissants": @PikettyLeMonde membre de l' @icrict , qui plaide pour 25%. Via @lemondefr
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9 months
“Latin America’s voice has not been heard in global tax discussions. This regional ministerial platform will mobilise this voice for the first time” @JosephEStiglitz #PactoFiscalYa
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2 years
"Para @JoseA_Ocampo pdte de @icrict , un impuesto de 15% sobre las multinacionales es muy bajo, tendría que ser 25%. Las multinacionales no se van a ir de la minería en América Latina, los recursos naturales no caminan”: @aliciabarcena de @cepal_onu @taxobservatory @SurRuiz @Oxfam
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3 years
Après la proposition des Etats-Unis d’introduire un impôt minimum sur les filiales multinationales de 21%, @LeTempsDuDebat , sur @franceculture , convie ce soir à 18 :20 @EvaJoly , de l’ @icrict , à discuter avec @PSaintAmans de @OECDtax d'une possible révolution fiscale mondiale.
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4 years
Our @icrict commissioner @JosephEStiglitz knows that's not polite language, but the richest companies in the world are basically not paying taxes. They shouldn't be the ones deciding what kind of reform of the international tax system is acceptable. Watch him.
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10 months
"Secrecy must be attacked globally. There should be no place to hide. Australia still has the chance to end the secrecy surrounding multinational profit shifting and set a new standard for others to follow" Our chair @JosephEStiglitz in the @smh
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2 months
"The majority of countries worldwide have clearly expressed the desire to deepen int’l tax cooperation through a @UN Convention. While I understand that opinions on this resolution vary within the G20..the G20 cannot simply ignore such an important fact" ⁦ @Haddad_Fernando
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1 year
⚖️Ensuring that multinational corporations and the wealthiest of our societies pay their fair share of taxes is very much needed for the realization of human rights @Magda_Sepul
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1 year
"We demand taxation to go up for [those with] higher incomes," said @KGeorgieva @IMFNews It’s time to walk the talk
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1 year
At #tax4sdgs conference @MinHacienda @JoseA_Ocampo calls for a truly inclusive international tax architecture 1️⃣ A UN tax body 2️⃣ Strong @UN @OECDtax cooperation 3️⃣ Strong regional cooperation @UNDP_SDGFinance @Columbia_Biz
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1 year
"International taxation should play a part in ensuring progressive taxation. Tax avoidance is a strategy that favours disproportionally the rich. Somebody who is employed can get advice from the best lawyer or accountant, and still it cannot avoid tax" @luiscrh #PactoFiscalLAC
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2 years
The US is now the worst culprit in financial secrecy according to @TaxJusticeNet #FSI2022 launched today. How do we change this? By leading by example: creating comprehensive and transparent asset registries would push other economies to do the same, says @icrict @gabriel_zucman
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3 years
How to get a global tax deal that is fair to the world? 🇦🇷 @Martin_M_Guzman , 🇳🇬 Zainab Ahmed discuss this crucial issue with @icrict @JoseA_Ocampo & @Jayati1609 👩‍💻live-streamed here: 🗓️28 June ⏰9.45-11am EDT/3.45-5pm CET Don't miss it!
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7 months
. @icrict and @Group_of_24 hosted a roundtable on international taxation today in Marrakesh, as part of @IMFNews @WBG_Poverty annual meeting #AM2023 . Here’s the key take aways from our speakers today🧶
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6 years
Exciting news! @icrict is pleased to announce that @PikettyLeMonde and @gabriel_zucman have accepted to join the 10 other members of the Commission. ICRICT will benefit from Thomas Piketty and Gabriel Zucman's perspective on inequality, income and wealth distribution.
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3 years
#PandoraLeaks It is time for governments to keep their promises to end the abuse of tax havens by individuals and multinational corporations. Read @icrict reaction here 👇👇👇
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6 months
Un impuesto mínimo de 2 por ciento a la riqueza de los multimillonarios "es un modo muy poderoso de encarar las formas actuales de evasión fiscal"... "solo afectaría a las 3 mil personas más ricas en todo el mundo", dijo @gabriel_zucman a @pagina12
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1 year
"O Brasil tem a capacidade de recaudar, mas além da eficiência, tem que ter um sistema fiscal mais progressivo. Seria uma ferramenta crucial para ter mais capacidade de investimento, inclusive para a transição verde e para uma sociedade mais justa": @JosephEStiglitz no @bndes
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5 years
Nous sommes très fiers d'annoncer qu' @EvaJoly , une des membres les plus actives de l' @icrict , vient de recevoir de @TaxJusticeNet la première édition du prix Anderson-Lucas-Norman qui récompense les héros de la justice fiscale. Félicitations Eva !
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8 months
"The concentration of extreme wealth in the hands of few is neither socially nor politically sustainable. Rising inequality fuels social discontent and are one of the main drivers of increased political polarization and populist nationalism" @JoseA_Ocampo in @lemondefr
@lemondefr
Le Monde
8 months
Un impôt européen sur les ultrariches pourrait rapporter plus de 200 milliards d’euros par an
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8 months
A 25% minimum tax on corporations and billionaires. What’s not to like?
@POTUS
President Biden
8 months
It’s time billionaires paid at least a 25% minimum tax.
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3 years
"So I hope when @g20org ministers meet, they seriously consider a higher rate than the 15% rate that’s on the table. @icrict calls for 25%, @POTUS for 21%, a number with a 2 in front will be respectable and a very important improvement”: @SwannyQLD #G20Italy " Via @CNBC
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2 years
"I think both #Colombia and #Chile are moving in the right direction: the main way to have more fiscal space is more progressive taxation", says @icrict co-chair @JosephEStiglitz in a @IMFNews panel with 🇨🇴 @MinHacienda @JoseA_Ocampo With @Oxfam @justiciafiscal @latindadd @GIESCR
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Icrict
4 years
Listen to @icrict Commissioner @JosephEStiglitz explaining why a minimum global tax of 25-30% is necessary and why 12.5% is the wrong way to go (courtesy of @wef )
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@icrict
Icrict
1 year
“The minimum tax rate of the agreement is too low. In many countries, other social groups such as the middle-class pay 30-40% of their income tax. Now we are saying that it's ok for multinationals to pay only 15%. Is difficult to understand.” - @gabriel_zucman at @Davos
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@wef
World Economic Forum
1 year
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@icrict
Icrict
25 days
It's important that the US government supports #G20 discussions on how to tax the super-rich. "You can play a big role in this" @Jayati1609 told the @PatrioticMills today. #TaxTheRich
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@icrict
Icrict
19 days
#WBGMeetings : Leading economists will answer questions from journalists about the #G20 's roadmap to tax the super-rich. @JosephEStiglitz , Esther Duflo, @JoseA_Ocampo , @gabriel_zucman . 📆Wed 17th April 📷 3-3.45pm (EDT) Room: HQ2-10B-248
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@icrict
Icrict
4 years
"What worries me is that this crisis is going to worsen inequality. The people at the bottom are disproportionality losing their job and there are also the most affected by the infection" @icrict @JosephEStiglitz talking with @TheAusInstitute about #coronavirus economic impact.
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