IMF issues stark warning to tax-cheats

[unhappycamper]

http://atimes.com/atimes/Global_Economy/GECON-01-270614.html



IMF issues stark warning to tax-cheats
By Carey L Biron
Jun 27, '14

WASHINGTON - The staff at the International Monetary Fund (IMF) has issued an unusually stark warning over the lack of harmonized global tax policies, pointing out that these gaps are allowing for widespread tax gaming by corporations with particularly negative impacts for developing countries.

Anti-poverty advocates are lauding a new staff paper from the fund released Wednesday. Its findings not only coincide with civil society calls for major taxation reforms at the national and international levels, but also repeatedly push back against longstanding tax-related dogma, including that offered by the Washington-based IMF itself.

"This is, frankly, a revolutionary paper," Jo Marie Griesgraber, the executive director of the New Rules for Global Finance Coalition, a Washington-based international network, told IPS.

"It looks very carefully at many aspects of tax planning, and each time says that this has very negative impact on developing countries … Ultimately, it says that traditional tax theory is essentially uninformed by empirical knowledge."

[dixiegrrrrl]

1. On the surface that sounds good

and maybe it is just me, but I do not trust the IMF and the World bank.
They have been behind too many problems for other countries, and are always pushing for the Global agenda.