Alex Cobham: We Could Eliminate Extreme Global Poverty If Multinationals Paid Their Taxes

International tax rules have reached a crossroads. The reform program announced by the Organisation for Economic Co-operation and Development (OECD) this summer represents the last chance for the Organisation’s club of rich countries to find an approach that can curtail the rampant tax avoidance of multinational companies.

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The cost of global corporate tax avoidance is $500 billion and poor countries are bearing 40 percent of it.

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