PSI welcomes corporate tax rethink

11 March 2015
Photo: 401kcalculator.org - Creative Commons
PSI welcomes the establishment in New York today of a commission of international tax experts to examine reform to corporate taxation from the perspective of the public interest.

"The current international corporate tax laws were written in the 1920’s before the ball point pen and the photocopier had been invented – yet 40 years after we put a man on the moon we still can’t tax McDonald's properly for selling us a cheeseburger” said PSI General Secretary Rosa Pavanelli, referring to the recent release by public sector unions exposing McDonald's alleged tax avoidance practices in Europe.

“The technical solutions exist – what we lack is the political will” she said from New York.

“This Commission is a big step forward in including the public in a tax debate that affects everyone but has been hijacked by corporate interests and blocked by our politicians”

    “Something is very wrong when McDonald's can siphon a billion Euros out of European tax coffers while our governments tell us that lack of revenue means we must cut healthcare and pensions” she said.

The Independent Commission for the Reform of Corporate Taxation (ICRICT) chaired by former UN Under-Secretary-General José Antonio Ocampo will meet for the first time next week in New York on 18 March to take expert evidence.

For further information on the ICRICT see their website and read their Press release.

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