While 21st-century globalization and international trade dramatically changed how multinational corporations operate, the way they are taxed is largely based on early 20th-century thinking. Recent efforts by the OECD and the UN to modernize the international corporate tax system include a minimum corporate tax to make it more equitable. The IMF has also joined the effort by providing its expertise on global tax policy. Senior counsel Cory Hillier and senior economist Shafik Hebous are coauthors of recent research that seeks to strengthen the impact of a corporate minimum tax. 

Transcript: https://bit.ly/47YwFhb

Illicit financial flows have been under the spotlight recently. Both the Panama and subsequent Paradise papers exposed large amounts of money held in tax havens—some under questionable circumstances, and the United Nations has included tackling illicit financial flows as a target within its Sustainable Development Goals. In this podcast, the Center for Global Development’s Maya Forstater talks about how much or how little we really know about illicit financial flows. Forstater was invited to speak at the IMF as part of the Developing Economies Seminar Series.

Maya Forstater is a Visiting Fellow at the Center for Global Development.

While many African countries have enjoyed significant revenues from the mining industry in recent years, a new study published by the Natural Resource Governance Institute suggests tax revenues from mining could be much higher if transfer pricing rules were enforced. In this podcast, we speak with the report’s author Alexandra Readhead.

Contributors:

Alexandra Readhead, author of Preventing Tax Base Erosion in Africa