International Taxation and Global Development
When it comes to funding development, taxes are perhaps the most critical piece of the puzzle. But the system for taxing multinational companies’ global profits is broken – and it is exacerbating inequality both within and across countries.
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NEW YORK – When it comes to funding development, taxes are perhaps the most critical piece of the puzzle. But the system of taxing global profits is broken – and it is exacerbating inequality both within and across countries. If the world is to make progress toward its goals of eradicating poverty and stemming rising inequality, the system must be reformed.