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End Inequalities

Women Want Tax Justice! Not the OECD-G7-G20 Tax Deal!

By Global Inequalities

The COVID-19 pandemic and its impacts presented a historical opportunity to reform tax and fiscal systems, including global tax rules, to make them work for people and the planet. Tax policies should serve to reduce inequalities, not exacerbate them. Global tax rules should not be biased in favour of elite countries and MNCs’ profit driven agendas. Global tax rules should help to reduce inequalities within and across countries, and “no one should be left behind” in rule making. As representatives of 193 member-states of the United Nations gathered for the 76th session of the UN General Assembly on 14-30 September 2021, the Asian Peoples’ Movement on Debt and Development (APMDD) and allies reiterated their call to make taxes work for women!

Webinar – Inequalities, Public Services and Tax Justice

By Events, Global Inequalities

Participants to the Webinar – Inequalities, Public Services and Tax Justice made the sign for equality to cap off a two-hour session that brought together organizations and communities in the frontlines of fighting inequalities and most affected by failing public services and loss of public revenues due to flawed fiscal and tax systems. Over 110 attended the webinar, and learnt about how to strengthen campaigns on tax and fiscal justice especially in light of developments in global, regional, and domestic policy-making.

The webinar aimed to:

• Surface some of the most pressing issues faced by marginalised sectors and communities in the context of failing public services and deepening inequalities;

• Highlight the systemic barriers to making public services accessible and responsive to people’s needs and rights, drawing the links to gaps and flaws in fiscal and tax systems;

• Discuss and collectively analyze key developments in national, regional, and global policy fronts that impact inequalities and people’s access and right to public services; and,

• Facilitate sharing of strategies for advancing tax and fiscal justice agenda, with a focus on public services.

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Civil society rejects “false solutions” in the OECD/G20 tax proposals

By Global Inequalities

Seen from an economic justice perspective, the results of the recently concluded meeting of G20 Finance Ministers and Central Bank governors in Venice are a huge disappointment. The G20 through its finance leaders resoundingly echoed the OECD tax proposals, considered by many leaders of developing countries and CSOs as “false solutions.”

“The G20 did not address the fundamental flaws in the international tax architecture nor respond to the needs, rights, and interests of peoples of the Global South,” said Lidy Nacpil of the Asian Peoples Movement on Debt and Development (APMDD). 

“The disappointing outcome of this latest G20 finance leaders’ meeting is perhaps not surprising. It simply underscores the longstanding objection of civil society organizations to the persistent hijacking by rich countries of the agenda to transform global tax rules that have historically benefitted multinational corporations residing within their jurisdictions,”  Nacpil added.

In a Communique issued after their meeting concluded last July 10, G20 finance leaders noted that the “global outlook” has improved but that the recovery has “great divergence” across and within countries. The so-called “historic agreement” of the G20 finance leaders is built upon a mere endorsement of the Two-Pillar solution on tax issues proposed by the OECD but widely criticized by CSOs and thought leaders from Africa, Latin America, Asia, Europe, and other parts of the world. 

Read the full press release.

APMDD Reaction to the Communique of the G20 Third Finance Ministers and Central Bank Governors Meeting

By Global Inequalities

In response to the Communique of the G20 Finance Ministers Meeting held in Venice on 9-10 July 2021, Asian Peoples’ Movement on Debt and Development (APMDD) Coordinator Lidy Nacpil said that in regard to climate, debt, and tax, the statement is underwhelming and fails to offer any indication that the demands of peoples of the Global South are heard. 

Why the G7 joint agreement on new global tax rules is not fair nor ambitious

By Global Inequalities

Today, the G7 Finance Ministers issued a communiqué announcing their joint agreement on new global tax rules, including a global minimum corporate tax rate and a special new tax on some of the world’s largest corporations.

In response to the G7 agreement, Tove Maria Ryding, Tax Coordinator at the European Network on Debt and Development (Eurodad), said:

“We have three overall concerns with the new global tax measures that the G7 countries are outlining. In essence, they are not fair, they are not ambitious, and there is a high risk they will lead to a more complex and ineffective tax system.”

Ryding also expressed strong concerns about the way the G7 is trying to decide what the global corporate tax system should look like.

“The negotiation about new global tax rules belongs at the United Nations, where all countries can participate on an equal footing, rather than at a small rich countries’ club like the G7.”

Read the full press release