Webinar | The End of Tax Incentives: What will a global minimum tax mean for developing countries?
In early June, the G7 reached a “historic” deal to make multinational companies pay more tax. They agreed to introduce a global minimum corporate tax rate of at least 15% to try to stop tax competition. Pressure is on other countries to follow suit, including at a meeting of the G20 at the end of the month, and the OECD/G20 Inclusive Framework in early July.
However, tax justice campaigners argue that 15% is too low and will be inadequate to stop the “race to the bottom”. They also say that a rate of 15% will see 60% of the additional revenues flow to the G7 countries, leaving very little for developing countries most in need of funds especially amid the COVID-19 pandemic.
On June 23, the International Institute for Sustainable Development (IISD) hosted a webinar convening policy makers, academics, and activists working on trade, investment, and tax to discuss the contents of the reforms, where and how the rate should be set, how a global minimum tax may affect the use of tax incentives in developing countries, the impact of fiscal stabilization in investment agreements, and dispute resolution.
Panelists included experts that helped produce work by IISD (through IGF) and the African Tax Administration Forum, on the implications of the reforms for resource-rich developing countries in particular.
- Nathalie Bernasconi-Osterwalder, Executive Director, IISD Europe
- Alexandra Readhead, Lead, Tax and Extractives, IISD
- Thomas Lassourd, Senior Policy Advisor, Tax and Extractives, IISD
- Ricardo Martner, Commissioner, Independent Commission for the Reform of International Corporate Taxation (ICRICT)
Anthony Munanda, International Taxation Expert, African Tax Administration Forum (ATAF)
- Joy W. Ndubai, Teaching and Research Associate, Institute for Austrian and International Tax Law
Consumer Demand for Sustainable Products in Asia: Successes and challenges
This webinar will present research on consumption trends of certified and sustainable products in Asia and discuss successes, challenges, and potential ways to increase sustainable consumption in Asia.
Gender and Mining Governance E-Learning Course
This free e-learning course to build awareness and skills in regard to gender governance in the mining industry.
2021 Mining and Sustainability Forum of the Americas: Regional supply chains for critical minerals
This two-part virtual event aims to advance regional policies for critical minerals supply chains in the Americas.
Trade and Climate Change Mitigation and Adaptation: Implications for developing countries
The second of two sessions, this event will look at the impact of climate change mitigation and adaptation policies on developing country exports of goods and services.