Fight tax avoidance and reform investment policies
Focus on WIR 2015
Two crucial issues are dealt with in the new World Investment Report (WIR 2015): A fundamental reform of the international investment regime and more coherence between international tax and investment policies. According to the authors of the report there must be no contradiction between the policy imperative of taking action against tax avoidance and facilitating productive investment in sustainable development. By Rainer Falk
Systematic reform of the international investment agreement regime is pressing to promote sustainable development and bring coherence to the almost 3,300 agreements currently in existence, and tax avoidance can be tackled while promoting investment in sustainable development, the report by the UN Conference on Trade and Development (UNCTAD) says amid an ongoing debate and policy work in the international community on the fiscal contribution of multinational enterprises and on the adequacy of investor-state settlement provisions in new trade agreements ...
At first glance, everyday life seems not to have changed in Istanbul. The streets are congested; people hurry to the ferry or the bus. For weeks, there has been no terror attack. Nevertheless, there are some visible changes. There are much more policemen in the streets. In some days, the Istiklal Caddesi, the main shopping street on the European side, seems to be under a state of siege. At every street corner, there is police van with the blue light switched on.
Recent disturbing trends in international finance have particularly problematic implications, especially for developing countries. The new United Nations report, World Economic Situation and Prospects 2017 (WESP 2017), is the only recent report of a multilateral inter-governmental organization to recognize these problems, especially as they are relevant to the financing requirements for achieving the Sustainable Development Goals (SDGs).
The Trump government signals unequivocally the end of international US hegemony. An international hegemon is able to define rules that find relatively broad acceptance internationally and plays a role in safeguarding international economic stability. The Trump government announced measures that go against the present economic rules while not proposing new ones.
The global deficit in quality jobs and deteriorating economic conditions in a number of regions threatens to undo decades of progress in poverty reduction, warns a new report by the International Labour Organization (ILO), the World Employment and Social Outlook (WESO) 2016.
Weakening of workers' rights in most regions is being aggravated by severe crackdowns on freedom of speech and assembly, according to the 2016 Global Rights Index. Restrictions on freedom of speech and assembly, including severe crackdowns in some countries, increased by 22%, with 50 out of 141 countries surveyed recording restrictions.