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ACFID National Conference 2024
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F1.2 Addressing global inequality and development – The role of tax

Panel

Panel

1:30 pm

23 October 2024

Room 2

Concurrent Session

Talk Description

The main form of finance available to Global South states collectively is tax. When taxes are collected fairly and spent well for many countries they will provide a pathway to inclusive development and a curb on financial inequality. 

The workshop will be in the form of a panel session, with discussion of opportunities for organisations to support the movement towards global tax justice.

For many Global South Countries, tax revenue provides the essential building blocks for inclusive development if governments spend it wisely in the public interest. Development finance in the form of aid can play a critical role in filling the gaps that government spending has not addressed, but very rarely can it make up for the role tax revenue will play.

The panel will inform participants:

·         Of the current state of the global movement for tax justice;
·         How the new OECD global tax agreement that sets minimum tax rates for large multinational corporations will impact on Global South countries;
·         The progress with assisting Global South countries through Tax Inspectors Without Borders;
·         Challenges in assisting Global South countries with tax reform, such as donor coordination. Case studies will be presented;
·         The developments of a new tax convention at the UN; and
·         Progress on a wealth tax at the G20.

 There will be discussion with participants on how organisations might incorporate consideration of tax justice in their work and engage their supporters on tax as an important source of development finance.

Participants  will also gain insight into how tax and other development finance can work together for addressing financial poverty and inequality in societies and between countries.

Tax-dodging themed snacks will be provided. 

The presenters for the session will be from the Tax Justice Network Australia, Centre for International Corporate Tax Accountability and Research and Oxfam Australia.

Speakers

Authors

Authors

Mark Zirnsak - Tax Justice Network Australia

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