Global financial systems and tax avoidance

Rachel Etter-Phoya, Moran Harari, Markus Meinzer, Miroslav Palanský

Research output: Chapter in Book/Report/Conference proceedingChapter


This chapter examines global financial systems and tax avoidance. It argues that the global financial and tax systems remain deeply biased against the interests of majority world countries, and reviews the politics behind the current global setup for regulating tax and illicit financial flows. In addition, it discusses policy solutions and how progressive transformation could be supported. Particular attention is given to large volumes of illicit financial flows and associated tax revenue losses, and to tax transparency. Development scholars have recently suggested shifting from ‘international development’ to ‘global development,’ looking no longer primarily or only at ‘low income’ or ‘developing’ countries, but at challenges faced across both the North and South. This chapter argues that, for this shift to be complete, the new global development paradigm has to encompass addressing and redressing the structural inequities in the global financial and tax systems that have been established, and are maintained by, minority world countries.
Original languageEnglish
Title of host publicationThe Routledge handbook of global development
EditorsKearrin Sims, Nicola Banks, Susan Engel, Paul Hodge, Jonathan Makuwira, Jonathan Rigg, Albert Salamanca, Pichamon Yeophantong
Place of PublicationAbingdon, Oxon
PublisherRoutledge Taylor & Francis Group
Number of pages15
ISBN (Electronic)9781003017653
ISBN (Print)9780367862022, 9781032157344
Publication statusPublished - 28 Feb 2022

Publication series

NameRoutledge international handbooks


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