What do they pay?
Towards a Public Database to Account for the Economic Activities and Tax Contributions of Multinational Corporations by Alex Cobham, Jonathan Gray and Richard Murphy.
This paper reviews the reasons for creating a global database of what is commonly called country-by-country reporting data. This information records the economic activities of and tax contributions made by multinational corporations.
It is divided into four main sections. Firstly, we present a set of user stories, questions, requirements, and scenarios of usage for a database. Secondly, we look at what kinds of information a public database could and should contain. Thirdly, we look at the opportunities and challenges of building a public database drawing on various existing information sources. Fourthly and finally, we suggest next steps for policy, advocacy, and technical work towards a public database.
Read the full article at Open Knowledge International here
Professor Richard Murphy, COFFERS researcher, Director of Tax Research UK and Professor of Practice at City University, London, addresses the UK’s House of Lord’s Committee on ‘Making Tax Digital’ and the idea that this will contribute to closing the tax gap – the gap between the amount of tax that should be collected and the amount that is actually collected. Professor Murphy refutes the idea and, over turning the accepted orthodoxy, argues that ‘Making Tax Digital’ will rather than close the tax gap, increase it.
Link to the recording of the hearing here
Petr Janský took part in a high-level internal governmental workshop organized by the Czech government on 10 February 2017 about the international corporate taxation, especially about the Czech Republic’s position with regard to the European Commission’s proposed Common Consolidated Corporate Tax Base (CCCTB). In his presentation, Petr showed preliminary results from a draft COFFERS working paper as well as other existing research on both scale of international corporate tax avoidance and estimated impact of CCCTB.