Government budgets in low income countries are tiny compared to the need for public services. Low income countries such as Malawi and Vietnam have only around $400 to spend on each person compared with an OECD average of $13 000. The question of how governments in developing countries can raise enough public revenue to pay for needed education healthcare and infrastructure has concentrated the minds of everyone from the World Bank to Oxfam and of governments and revenue authorities around the world.
Transfer pricing itself is often equated with tax avoidance. For example South Africa’s President Jacob Zuma addressing the UN Global Assembly recently said:
‘Money laundering tax evasion tax avoidance corruption and transfer pricing by multinational companies are some of the biggest challenges to economic growth and stability. They undermine the integrity of the global financial system ...
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Government budgets in low income countries are tiny compared to the need for public services. Low income countries such as Malawi and Vietnam have only around $400 to spend on each person compared with an OECD average of $13 000. The question of how governments in developing countries can raise enough public revenue to pay for needed education healthcare and infrastructure has concentrated the minds of everyone from the World Bank to Oxfam and of governments and revenue authorities around the world.
Transfer pricing itself is often equated with tax avoidance. For example South Africa’s President Jacob Zuma addressing the UN Global Assembly recently said:
‘Money laundering tax evasion tax avoidance corruption and transfer pricing by multinational companies are some of the biggest challenges to economic growth and stability. They undermine the integrity of the global financial system ...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
