Rheinmetall Plans to Make 700,000 Artill... Thu Apr 25, 2024 04:03 | Anti-Empire
America’s Shell Production Is Leaping,... Wed Apr 24, 2024 05:29 | Anti-Empire
Ukraine Keeps Snapping Up Chinese Drones Tue Apr 23, 2024 03:14 | Anti-Empire
Moscow Is Prosecuting the War on a Pathe... Mon Apr 22, 2024 12:26 | Anti-Empire
US Military Aid to Kiev Passes After Tru... Sun Apr 21, 2024 05:57 | Anti-Empire Anti-Empire >>
A Blog About Human Rights
UN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights
5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights
Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights
Right to Water Mon Aug 03, 2020 19:13 | Human Rights
Human Rights Fri Mar 20, 2020 16:33 | Human Rights Human Rights in Ireland >>
News Round-Up Fri Apr 26, 2024 00:42 | Richard Eldred A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.
Lockdown?s Impact on Children to Last Well into 2030s, Says LSE Report Thu Apr 25, 2024 20:00 | Will Jones Children who started school during the pandemic will have worse exam results well into the next decade after losing six crucial months of learning, a new report from the London School of Economics has found.
The post Lockdown’s Impact on Children to Last Well into 2030s, Says LSE Report appeared first on The Daily Sceptic.
A.V. Dicey Did Not Foresee the Gender Recognition Act Thu Apr 25, 2024 18:00 | Dr James Alexander When Dicey summarised the principle of parliamentary sovereignty he wrote: "Parliament can do everything but make a woman a man and a man a woman." Alas, thanks to the European Court of Human Rights, that's no longer true.
The post A.V. Dicey Did Not Foresee the Gender Recognition Act appeared first on The Daily Sceptic.
My BBC Complaint About Chris Packham?s Daily Sceptic Slur Thu Apr 25, 2024 15:52 | Toby Young Last Sunday, Chris Packham made a false and defamatory allegation on the BBC about the team behind the Daily Sceptic, claiming they had "close affiliations to the fossil fuel industry". The BBC then signal-boosted it. ?
The post My BBC Complaint About Chris Packham?s Daily Sceptic Slur appeared first on The Daily Sceptic.
Another Clue Pointing to an American Origin of the Virus Thu Apr 25, 2024 14:18 | Will Jones It's increasingly clear the virus leaked from a lab in Wuhan. But could it have been made in the USA? Will Jones suggests the behaviour of the Chinese Government before and after the sequence was published gives us a clue.
The post Another Clue Pointing to an American Origin of the Virus appeared first on The Daily Sceptic. Lockdown Skeptics >>
Voltaire, international edition
Israel's complex relations with Iran, by Thierry Meyssan Wed Apr 24, 2024 05:25 | en
Iran's hypersonic missiles generate deterrence through terror, says Scott Ritter... Mon Apr 22, 2024 10:37 | en
When the West confuses Law and Politics Sat Apr 20, 2024 09:09 | en
The cost of war, by Manlio Dinucci Wed Apr 17, 2024 04:12 | en
Angela Merkel and François Hollande's crime against peace, by Thierry Meyssan Tue Apr 16, 2024 06:58 | en Voltaire Network >>
|
Corporate tax rates set to hit zero by mid-century and Ireland gets a red card in new report released Mon 4th Dec
national |
economics and finance |
press release
Monday December 04, 2017 20:25 by ddci - Debt and Development Coalition Ireland maeve at debtireland dot org
DEBT AND DEVELOPMENT COALITION IRELAND PRESS RELEASE
New report analyses developments across Europe and finds:
European governments are leading a race to the bottom which will see average global corporate tax rates hit zero by 2052. A detailed analysis of 17 EU member states and Norway reveals 12 governments have either just cut their corporate tax rate, or are planning to do so in the near future.
Ireland receives a 'red card' in the report, as one of only two countries to receive all red in a traffic light ranking scoring a number of measures identified by civil society as key steps to bring an end to tax dodging.
Half the countries analysed, including Ireland, are found to have harmful tax practices, which can be used by multinational corporations to avoid taxation.
***************************************************************************************
Corporate tax rates set to hit zero by mid-century , and Ireland gets a red card in new report released Monday 4 December
DEBT AND DEVELOPMENT COALITION IRELAND PRESS RELEASE
New report analyses developments across Europe and finds:
European governments are leading a race to the bottom which will see average global corporate tax rates hit zero by 2052. A detailed analysis of 17 EU member states and Norway reveals 12 governments have either just cut their corporate tax rate, or are planning to do so in the near future.
Ireland receives a 'red card' in the report, as one of only two countries to receive all red in a traffic light ranking scoring a number of measures identified by civil society as key steps to bring an end to tax dodging.
Half the countries analysed, including Ireland, are found to have harmful tax practices, which can be used by multinational corporations to avoid taxation.
Maeve Bateman, Director of Debt and Development Coalition Ireland which prepared the chapter on Ireland for the report, said:
'Despite all the recent tax scandals, and the spotlight placed on Ireland by the Apple State Aid case, it is clear that we still have tax structures that multinationals can use to avoid tax.
Enabling tax avoidance by multinational corporations shifts the burden to some of the most vulnerable people in our societies, as well as globally. Developing countries continue to pay the price for a system they did not create.
Governments should be stopping corporate tax avoidance – not getting rid of corporate tax.'
As big businesses are made to pay less corporate tax, consumers have to pay more in order to fill the gap. As today's report points out, this disproportionately hits the poorest and risks exacerbating inequality rather than reducing it.
The findings are published in ‘Tax Games – the Race to the Bottom: Europe’s role in supporting an unjust global tax system 2017’, the fifth annual report examining the tax and transparency policies of the European institutions, 17 Member States and Norway.
ENDS
The report ‘Tax Games – the Race to the Bottom: Europe’s role in supporting an unjust global tax system 2017’ will be available from 4 December at 00.01 CET at: https://www.debtireland.org/resources/
For more info or to request an interview contact Maeve Bateman at 087 2069017 / maeve@debtireland.org
Notes to Editors:
Specifically, this report finds that:
• The global average tax rate is set to hit zero in 2052. Europe is playing a leading role in this race, and currently seem to be accelerating the pace. An analysis of developments in the EU and Norway shows that 12 governments have either just carried out a new cut in the corporate tax rate, or are planning to do so over the next few years;
• Harmful tax practices are popular in several European countries, and problematic practices such as patent boxes and secret advance tax rulings have been increasing in numbers over the last years. Out of the 18 countries analysed, five received a ‘green light’ on harmful tax practices, while nine countries (Ireland, Belgium, Hungary, Italy, Latvia, Luxembourg, the Netherlands, Spain and the UK) received a ‘red light’.
• European tax treaties with developing countries remain a key issue of concern. Out of the 18 countries analysed, 12 countries have tax treaty networks that are highly problematic, including Ireland;
• Six countries have pushed ahead in the fight against secret shell companies by introducing public company registers showing the real – beneficial – owners. These are: the UK, Denmark, Sweden, Finland, Slovenia and Latvia. Meanwhile, secret company ownership is still possible in 12 of the analysed countries, including Ireland, and the UK still offers opportunities for setting up anonymous trusts;
• Ireland, along with the vast majority of the analysed countries, are opposed to the idea of introducing full public country by country reporting, which would allow citizens to see where multinational corporations do business, and how much they pay in taxes. Only Slovenia and Spain openly support full public country by country reporting;
• Ireland is one of 13 out of 18 countries are openly against the proposal of establishing an intergovernmental UN tax body to address the problems in the global tax system, while ensuring that developing countries participate on a truly equal footing. Not a single European government has spoken out in favour;
--
Maeve Bateman
Director
Debt and Development Coalition Ireland,
Spade Enterprise Centre,
North King St,
Dublin 7
Tel: +353 1 6174835
8 maeve@debtireland.org
|