The gap between where companies pay tax and where they really do their business is huge, as shown by new research described in this briefing. In 2012, US multinationals alone shifted $500–700bn, mostly to countries where these profits are not taxed, or taxed at very low rates. G20 countries themselves are among the biggest losers. The measures recently announced by the OECD leave the fundamentals of a broken tax system intact and do not stop the race to the bottom in corporate taxation. G20 governments must do more and should strongly support further reforms.
Topic:
International Trade and Finance, Labor Issues, Governance, Budget, G20, and Income Inequality
David Andres-Vinas, Daniel Gorevan, Martin Hartberg, Melissa Phillips, and Alexandra Saieh
Publication Date:
11-2015
Content Type:
Policy Brief
Abstract:
With no end to the conflict in Syria in sight, the four million people forced to flee the country have no foreseeable prospect of safe return. And as the impact of the crisis on neighbouring countries grows and aid dries up, the situation for these refugees is becoming increasingly dire.
This briefing calls for a new approach by the international community, including Syria’s neighbours; one which offers hope, safety and dignity to the millions of refugees, and gives them a chance to contribute to the societies and economies of their hosts.
Topic:
Conflict Resolution, Civil War, Economics, Humanitarian Aid, and Refugees
The Government of Ethiopia considers climate change to be one of its priorities in responding to the country’s long-term development needs. The nation’s widely acclaimed Climate Resilient Green Economy (CRGE) strategy has called for annual spending of $7.5bn. With federal budgetary resources for climate change relevant actions estimated to be in the order of $440m per year, and international sources adding an uncertain amount that may be in the tens of millions (USD) per year, there appears to be a major financing gap.
Therefore, if the CRGE strategy is to be delivered, and the lives of the country’s most vulnerable people made more resilient, much more effort needs to be exerted to mobilize additional resources both domestically and externally. In particular, international commitments on climate finance need to be realized. This is now a matter of urgency for Ethiopia, as it is for many other African States.
Drawing on research by the Climate Science Centre of Addis University and the Overseas Development Institute, this policy brief, supported by the ACCRA programme, sets out recommendations to bridge the funding gap for climate financing in Ethiopia.
Topic:
Climate Change, Politics, Natural Resources, Budget, and Finance
The April 2015 earthquake devastated Nepal, affecting more than eight million people. Nepalis have shown remarkable resilience in the face of the disaster, and six months on people are rebuilding their homes, their lives and their country. Reconstruction provides an opportunity to build back better and create a stronger, more equal country that is more able to cope with crises. However, this opportunity is being missed, leaving Nepal vulnerable to future shocks and disasters.
This briefing paper considers the successes and challenges of the response so far, and looks at what must be done to ensure that Nepal recovers in a way which makes it more resilient and more equitable.
Topic:
Development, Disaster Relief, Humanitarian Aid, Natural Disasters, and Reconstruction
Ambassadors Florensa (IEMed) and Aragona (ISPI) introduced the annual
conference, highlighting the important role of EuroMeSCo at a critical juncture
for the Mediterranean and for Euro-Mediterranean relations. Ambassador Florensa
stressed that the commitment and the dynamism of EuroMeSCo were greater
than ever.
The Italian Minister of Foreign Affairs Hon. Gentiloni gave an official address to
the participants of the EuroMeSCo annual conference, describing the
Mediterranean space as the epicentre of global disorder and enumerating the
various challenges it posed for the European Union in particular, in terms of
security but also in terms of identity and values.
After serving for two challenging years in the chaos of a war zone as the Deputy Chief of Mission in Iraq, I received word that I would become the next Ambassador to Greece. To be quite honest, I had mixed feelings. I looked forward to the challenge, but I imagined the post would be too sedate compared with the adrenalin-charged days and world-shaping events in Iraq. It was anything but.
Within a year of my arrival, the streets were aflame with violent protests over a police shooting of a teenager. A year later, snap elections brought a socialist government to power. And soon thereafter, the onion was further peeled to expose a financial crisis and a crumbling economic foundation built on a corrupt, oligarchic, and debt-addicted system fed by billions of dollars of public and private EU loans and grants.
Topic:
Corruption, Economics, Politics, Financial Crisis, and European Union
Helping entrepreneurs grow their businesses and achieve their full potential is in the interest of anyone who wants to foster prosperity worldwide— that’s why it’s an Obama administration priority. Growth anywhere does some good everywhere, and the fact is that entrepreneurs create jobs and drive economic growth both at home and abroad. In the United States, 40 percent of our $17 trillion
economy is generated by companies that did not even exist 20 years ago. Two-thirds of our 65 months of consecutive job growth is driven by small businesses. The owners of those businesses—28 million and growing—employ over half of America’s workforce.
Topic:
Economics, Human Welfare, Social Stratification, and Labor Issues
One of the core priorities for the State Department and for the Obama
administration overall is shared prosperity because, as Secretary Kerry frequently points out, “Economic policy is foreign policy.” The United States firmly believes that, by growing bilateral economic ties, the United States as well as the host country will prosper. The metrics around our economic relationship with Switzerland are a perfect example of that: Switzerland is one of the top ten foreign direct
investors in the United States and number one in research and development; the United States has been the largest growth market for Swiss exports over the past five years; and Swiss companies generate almost half a million jobs in the United States—really great jobs with an average salary of $100,000 per year. With those ties in mind, I set out to meet with Swiss companies of all kinds to understand how they do business in Switzerland and how to deepen their investment in the United States. What I learned in the course of that exploration will, I believe, profoundly and positively affect both countries economically, and also have a positive effect on the world.
Fragile states are unable to cope with additional shocks like Ebola; without passable roads, electricity, and social solidarity there is no viable way to administer basic medical care or prevent minerals from illegally crossing porous borders, much less suddenly contain a runaway virus. Yet instead of addressing core issues of state failure, development aid continues pushing narrowly focused agendas that have little meaning in places where institutions and infrastructure are broken. Why, in response to the disastrous events we saw unfolding in Liberia, were we not calling for public and private investment in the region to be shifted from one bureaucratic budget line to another?
Topic:
Development, Humanitarian Aid, Infectious Diseases, Health Care Policy, and Ebola
International Affairs: A Russian Journal of World Politics, Diplomacy and International Relations
Institution:
East View Information Services
Abstract:
The growth in acts of international terrorism endangers the lives of people worldwide, as well as threatens the peace and security of all states. The September 23, 1999 Statement on Combating International Terrorism issued by the ministers for foreign affairs of the five permanent members of the Security Council has stressed that it is vital to strengthen, under the auspices of the United Nations, international cooperation to fight terrorism in all its forms. Such cooperation must be firmly based on the principles of the UN Charter and norms of international law, including respect for human rights.
Topic:
Conflict Resolution, Terrorism, United Nations, International Security, and Peacekeeping