"World Bank and IMF: Where do they stand on progressive and responsible taxation?", 5 Aug 2016

The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries. However, their approach needs to go much further to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues...The World Bank and the IMF have finally begun to connect the dots between tax havens, tax losses by activities of multinational enterprises (MNEs), and growing inequality, including gender inequality. They loudly trumpeted a new UN, OECD, IMF and World Bank “Platform for Collaboration on Tax”, the week after the Bank & Fund spring meetings in April, announcing it as civil society gathered to influence the UN’s Financing for Development (FFD) follow-up negotiations in New York...In 2011 the World Bank finally adopted a policy on the use of Offshore Financial Centres (OFCs), with the main objective that they “are not used for tax evasion”...The Platform for Collaboration on Tax...should be…a space to bring the concerns of developing countries on to the table...[Refers to Buenaventura, Newmont, Stora Enso]