Jayati Ghosh,
As members of the Independent Commission for the Reform of International Corporate Taxation (ICRICT), we urge you to fulfill your promise to “lead efforts internationally to bring transparency to the global financial system, go after illicit tax havens, seize stolen assets, and make it more difficult for leaders who steal from their people to hide behind anonymous front companies.” To do that, your administration should engage actively in ongoing efforts to overhaul the international tax system to ensure fair taxation of multinationals, which is currently being discussed within the G20-mandated OECD process.
Unfortunately, these negotiations have not gone well. The governments of leading member states (including the previous US administration) have negotiated under the misplaced assumption that their national interest is best served by protecting those multinationals headquartered within their borders. Discussions on the reform of international taxation have thus sacrificed common ambition to the lowest common denominator.
