Global body calls for urgent changes to international tax systems to tackle inequality

The Economic Times | Jan 21, 2020 at 12:00 PM
  • With financial inequality hitting the roof in India and several other countries, a global body of rights activists and academics has called for immediate steps to make a sustainable and more effective international corporate taxation system.
  • Referring to an Oxfam study released here on Monday, Independent Commission for the Reform of International Corporate Taxation (ICRICTC) said the inequality crisis remains unaddressed and out of control as hundreds of millions of people are living in extreme poverty while large rewards go to those at the very top.
  • All countries have a stake in developing a sustainable international tax system that can help to deal with the extreme inequality of today.