G20 Finance Ministers open door to new corporate tax era

Susana Ruiz, tax policy advisor at Oxfam said:

“This new round of global tax negotiations are a unique chance to put a stop to corporate tax dodging and damaging tax competition. If they get it right this could mark the beginning of a new fairer tax era where poor countries are able to claim their fair share of corporate tax revenues – and release the funds they need to tackle poverty and inequality. Governments must not waste this opportunity.

“There is everything to play for in the coming months. The litmus test for success will be an agreement that ensures corporations are taxed based on where they make their profits rather then whichever tax haven they are based in, and which delivers an ambitious global minimum corporate tax rate that applies across all countries, without exception.”