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How Big Is the Transfer Pricing Prize for Development?

It is often stated that developing countries are “haemorrhaging billions of dollars” of tax revenues through companies abusing transfer pricing, in particular by mispricing commodities.There is no doubt that companies can take advantage of weak regulations and enforcement, but new studies based on microdata from revenue authorities suggest the scale of revenues that might be recovered is unlikely to match up to heightened popular expectations.

Tobacco Companies Fail the Corporate Social Responsibility Test of a Free-Market Advocate

Philip Morris International and other cigarette manufacturers are among the most profitable firms in the world, selling the world’s most lethal legal product. They prominently advertise their commitment to corporate social responsibility on everything from child labor to renewable energy. They’ve even conceded that smoking is dangerous and say they are committed to a smoke-free world. But none of these initiatives make up for breaching their most fundamental corporate social responsibility—one defined quite cogently by free-market-advocate Milton Friedman—to pursue their profits “without deception and fraud.”

Is UK Aid Being Spent Properly? We Just Don’t Know

In late July, the UK’s National Audit Office (NAO) published a progress report on Her Majesty’s Government spending that found that in 2015, a fifth of the £12.1 billion the country spent on aid was committed through government departments and cross-government funds other than the Department for International Development (DFID), the UK’s aid agency.

Mindful Saving in Tanzania: Strategies Women Use

The entrepreneur is a 59-year-old widow in the city of Mbeya, Tanzania. She has a covered dark corner space in an open market where she sells soft drinks during the day, adds beer in the evenings, and also sells prepared meals in an adjacent space. She recently took a 6-week long business training course from TechnoServe, which included instruction on how to access M-Pawa, a new Vodaphone mobile savings platform. This should allow her to gain better control of her income and invest in her business.

MCC Has a Corruption Problem

Of all the governance criteria MCC assesses, none is as singularly important as corruption, which, historically, has weeded out more countries for eligibility than any other individual factor. It is, however, difficult to measure with precision, which can (and has) lead to poor decisions when interpreted too rigidly, resulting in cutting off, purely on the basis of indicator rules, compact partnerships with countries that have had no demonstrable change in their anticorruption environment. If you care about corruption, this isn’t the way to go about emphasizing that.

What We're Reading in Summer 2017

Here we are, deep in the throes of summer, which hopefully means you have finished your planned holiday books and are in need of another good read or two! But what should you choose? We asked CGD experts to share their recommendations. Check out the list below to find what fits your mood, whether that's a deep dive into migration policy, a surprising look into Machiavelli's life, or a techno-utopian, time-traveling adventure (I know what gets my vote!). 

Results-Based Payments to Reduce Deforestation

The 2015 Paris agreement incorporates a framework of reducing emissions from deforestation and forest degradation (Redd+). Here are three reasons why Redd+ is a valuable tool in the fight against climate change, and responses to three common criticisms of the framework that no longer hold up.

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