Private enterprise drives growth, reduces poverty, and creates jobs and prosperity for people around the world. Governments have a special responsibility to make proper rules and promote good governance. Fair taxes, increased transparency and open trade are vital drivers of this. We will make a real difference by doing the following:
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Tax authorities across the world should automatically share information to fight the scourge of tax evasion.
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Countries should change rules that let companies shift their profits across borders to avoid taxes, and multinationals should report to tax authorities what tax they pay where.
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Companies should know who really owns them and tax collectors and law enforcers should be able to obtain this information easily.
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Developing countries should have the information and capacity to collect the taxes owed them – and other countries have a duty to help them.
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Extractive companies should report payments to all governments – and governments should publish income from such companies.
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Minerals should be sourced legitimately, not plundered from conflict zones.
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Land transactions should be transparent, respecting the property rights of local communities.
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Governments should roll back protectionism and agree new trade deals that boost jobs and growth worldwide.
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Governments should cut wasteful bureaucracy at borders and make it easier and quicker to move goods between developing countries.
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Governments should publish information on laws, budgets, spending, national statistics, elections and government contracts in a way that is easy to read and re-use, so that citizens can hold them to account.
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