Description

Tax revenue plays a critical role in enabling States to realise the economic, social and cultural rights of children such as the rights to education and healthcare. But developing countries now lose at least $170 billion every year to tax avoidance. For example, an estimate for 2013 puts foregone tax revenue for Ghana due to corporate tax abuse at US$340m. According to a tool developed by researchers at the University of St Andrews, a US$340m increase in Ghanaian government revenue in 2013 could have prevented 170 child deaths.

Ireland is one of the world’s biggest facilitators of tax avoidance. Its role has been noted by EU institutions, bodies within the US Congress and academics. A recent NBER working paper found that in 2015, more than 40% of multinational profits were shifted to tax havens – and that Ireland was the ‘number one’ profit shifting destination.

Period6 Nov 2020

Media coverage

1

Media coverage

  • TitleChildren's rights & Irish TAX POLICY
    Degree of recognitionInternational
    Media name/outletThe Global Legal Action Network
    Media typeWeb
    Country/TerritoryUnited Kingdom
    Date6/11/20
    DescriptionTax revenue plays a critical role in enabling States to realise the economic, social and cultural rights of children such as the rights to education and healthcare. But developing countries now lose at least $170 billion every year to tax avoidance. For example, an estimate for 2013 puts foregone tax revenue for Ghana due to corporate tax abuse at US$340m. According to a tool developed by researchers at the University of St Andrews, a US$340m increase in Ghanaian government revenue in 2013 could have prevented 170 child deaths.

    Ireland is one of the world’s biggest facilitators of tax avoidance. Its role has been noted by EU institutions, bodies within the US Congress and academics. A recent NBER working paper found that in 2015, more than 40% of multinational profits were shifted to tax havens – and that Ireland was the ‘number one’ profit shifting destination.
    URLhttps://www.glanlaw.org/irish-tax-policies-child-rights
    PersonsBernadette Ann-Marie O'Hare