ICRICT 139d ago

Listening to the statement by the delegate from India at the @UN (below) clearly shows how impossible it is to say with some level of objectivity where value is created. Where there is no or little objectivity, the legions of accountants and tax lawyers of the MNEs can exploit this to claim that limited value creation is done in source countries (both developed and developing) and a lot is done in tax havens The cost? +/- $240bn a year of revenue losses and counting…