Tax justice is a massive issue worldwide. Never before has there been so much wealth, and yet even the world's richest countries seem to lack public finances to fund the most basic needs of their citizens. It is a great paradox of our time.
This book argues that global wealth inequalities need to be addressed in order to achieve lasting social, economic development in all countries.
There will simply never be enough finances to provide welfare for all if the rich continue to evade taxes, and large companies shift profits out of poor countries. The authors show how we can develop new forms of international solidarity to tackle this -- and keep wealth within countries that need it. They detail how money is wasted and lost, and how the global finance system ends up taking money away from the areas that need it most.
Matti Kohonen is Principal Adviser on the Private Sector at Christian Aid. He is also a founding member of the Tax Justice Network, and co-editor of Tax Justice (Pluto, 2008). Francine Mestrum is a researcher and activist on social development, and coordinator of the network of Global Social Justice. She is the author of several books on global poverty, inequality and international financial institutions, and co-editor of Tax Justice (Pluto, 2008).
Acronyms Introduction Matti Kohonen and Francine Mestrum Part I: Visualising the Problems 1. Why we have to fight global income inequality by Francine Mestrum 2. Rationale for World Public Finance: Mapping the tools for social change by Matti Kohonen Part II: Missing Public Revenues 3. The global financial system and enduring poverty by Peter Wahl 4. Dealing with Debt by Katarina Sehm-Patomaki 5. Taxing Transnational Corporations by John Christensen 6. The fiscal impact of trade liberalisation by Aldo Caliari 7. Global taxes for public finances in the South by Jacques Cossart 8. Breaking The Vicious Circle: Grand Corruption In Kenya by Alvin Mosioma and Bob Awuor Part III: Better Public Expenditures 9. The myth of development aid by Lou Keune 10. Public finance for global public goods by Dries Lesage List of contributors Index