Press Release: Expert Global Commission Responds to One-Sided Tax Debate


(New York) Responding to widespread anger about corporate tax avoidance, the impacts of such avoidance on inequality and poverty, and concerns that current tax reform processes are inadequate, a new nonpartisan body—the Independent Commission for the Reform of International Corporate Taxation (ICRICT)—has been established to propose reforms from the perspective of the public interest. The inaugural meeting of the Commission will take place in New York on March 18-19, 2015.

The Commission’s Chair, former UN Under-Secretary-General José Antonio Ocampo, says: “The world has changed but the international tax system has not. Corporations play governments against each other, for example, in encouraging race-to-the-bottom tax incentives, and the public loses out. There are billions of dollars at stake. This Commission will shed light on where the rules of the game, and the institutions that govern them, need to change.” Read more…