The Independent Commission for the Reform of International Corporate Taxation (ICRICT) announced that Jayati Ghosh and Wayne Swan have accepted to join the Commission.

ICRICT is a non-profit group of economists, tax experts and former senior officials which works to promote debate on reform of international corporate taxation, in the global public interest. Other commissioners include the Nobel laureate in economics, Joseph Stiglitz, and French economist and the author of Capital in the Twenty-First Century, Thomas Piketty.

Jayati Ghosh, from India, is one of the world’s leading development economist and ICRICT will benefit from her perspective in the Commission’s aim to develop alternative approaches and policy proposals that are based on current realities but aimed at moving economic processes in a more progressive and egalitarian direction.

As the former Treasurer (2007-2013) of Australia, Wayne Swan is credited with having introduced the economic stimulus package which kept Australia out of recession during the global financial crisis. Wayne Swan is the current chair of the Eminent Expert Group on Tax Policies and Public Expenditure Management for Sustainable Development, an independent advisory board for the Executive Secretary of ESCAP and will bring a wealth of knowledge on taxation issues, experience of government and intergovernmental organisations at the highest level, which will help the Commission both setting and advocating its policy position.

ICRICT recently published a report, “A roadmap to improve the rules for taxing multinationals”, which calls for global formulary apportionment and minimum corporate tax rate, to avert a race to bottom in tax.

(Source: ICRICT)

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