CGD Policy Blogs
Lower-income countries in general suffer the greatest shrinkage of the tax base as a result of corporate profit-shifting. In a new working paper, Simon Loretz and I find that the multinational tax bases of some lower-income countries could even be double their current size. We also find that some of the ‘tax haven’ jurisdictions that benefit most have received surprisingly little attention. Any guesses?
With the New Year fast approaching, it’s time for our predictions of the hottest trends in global development for 2015.
Following last week’s dramatic joint announcement out of Washington and Havana, many doors are likely to open for Cuba. One priority for the Cuban government should be membership in the multilateral development banks (MDBs).
The US sanctions against Cuba are among the most comprehensive, longest-lasting, and least effective sanctions imposed in the 20th century. At long last, President Obama is taking steps to normalize diplomatic relations and ease travel and other minor sanctions. But only Congress can end the 50+ years of futility in trying to coerce political reform in Cuba.
Raj Shah officially announced Wednesday what has long been rumored—after five years serving as USAID Administrator, he's leaving one of the more thankless positions in Washington.
I’m delighted to be helping organize again, for 2015, the world’s premier research conference on the economics of migration and development. Full-paper submissions are due January 20, at email@example.com.
Aside from lurid revelations about individual companies and the big four accounting firms, the leaks of multinationals’ tax deals with Luxembourg confirm—and expose to a wider audience—the true nature of the tax ‘competition’ that prevents the emergence of effective international rules.