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 a sociologist who is a founding member of the Tax Justice Network, where he currently works building a global tax justice campaign. Francine Mestrum is professor at the University of Ghent, Belgium. She is the author of several books on global poverty, inequality and international financial institutions.
Acronyms Introduction Matti Kohonen and Francine Mestrum Part I: Visualising the Problems 1: Why we have to fight global income inequality Francine Mestrum 2: Rationale for World Public Finance: Mapping the tools for social change Matti Kohonen Part II: Missing Public Revenues 3: The global financial system and enduring poverty Peter Wahl 4: Dealing with Debt Katarina Sehm-Patomaki 5: Taxing Transnational Corporations John Christensen 6: The fiscal impact of trade liberalisation Aldo Caliari 7: Global taxes for public finances in the South Jacques Cossart 8: Breaking The Vicious Circle: Grand Corruption In Kenya Alvin Mosioma and Bob Awuor Part III: Better Public Expenditures 9: The myth of development aid Lou Keune 10: Public finance for global public goods Dries Lesage List of contributors Index