| 000 -LEADER | |
|---|---|
| fixed length control field | 01621nam a22001337a 4500 |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | International Tax Compact |
| 245 ## - TITLE STATEMENT | |
| Title | How African countries are affected by Multinationals' tax avoidance/evasion schemes |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | Bonn |
| Name of publisher | International Tax Compact |
| Year of publication | 2014. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | 17p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | Nearly two thirds of global trade takes place inside MNCs. The proceeds of commercial tax evasion, mainly through trade mispricing, are by far the largest component, at some 60 to 65% of the global total. Some MNEs active in Africa have been implicated in shifting profits through abusive transfer pricing. The incidence of trade mispricing to achieve capital flight out of Africa has accelerated significantly. Wrecking opportunities for mobilising Domestic Resources – direct impacts, the offshore interface is highlighted. Corruption of such magnitude is possible with the active connivance of a ‘pinstripe infrastructure’ of bankers, accountants, lawyers and government officials who provide an ‘offshore interface’ between criminality and the mainstream global economy including tax havens. These artificial constructions are invisible in their annual reports, however: under current international accounting rules MNCs are allowed to sweep all their results - profits, tax payments, borrowings, and so on. Country by country (CbC) reporting would provide benefits well beyond the arena of tax. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | TRANSFER PRICING UNDERPRICING OVERPRICING MISPRICING OFFSHORE CAPITAL FLIGHT TAX HAVENS |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | http://iffoadatabase.trustafrica.org/iff/2011-09-14_itc_country-by-country_attiya.pdf |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Computer Files |
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