Ecuador Minister Discusses Need for a GlobalTax Body

Published on 
01/12/2017

Ecuador’s Minister of Foreign Affairs Guillaume Long will meet with civil society groups today to discuss tax justice in Washington, in an event titled “Tax Avoidance, Illicit Financial Flows and Global Development: A Call for a United Nations Tax Body”. The event comes as, tomorrow, Ecuador will take over the presidency of the G77 + China group of 134 developing nations at an event in New York. Ecuador plans to emphasize tax issues and financing global development during its presidency.
The Washington event is organized by Global Alliance for Tax Justice, its regional member Red de Justicia Fiscal de América Latina y el Caribe/Latindadd, FACT Coalition, Center of Concern, Center for Economic and Policy Research, Jubilee USA Network, and Public Citizen.

Recent estimates from the Economic Commission on Latin America and the Caribbean indicate that the region loses 6.7% of its GDP to tax evasion. The region loses an estimated $85 billion annually due to illicit flows compared with $10 billion received yearly in development aid. A quarter of Latin American and Caribbean residents live on less than $4 a day. In May 2016, Ecuador pledged to lead in global policies that promote transparency and challenge the use of tax havens. Ecuador holds a pioneering referendum on tax havens in February 2017 to bar public servants from holding office if they hide money or assets in tax havens.

"Tax avoidance, evasion and corruption are serious problems," noted Eric LeCompte, Executive Director of the religious development coalition Jubilee USA. LeCompte will moderate the January 12 event and serves on United Nations expert working groups that focus on tax and finance. The event will also feature contributions from:

  • Elise Bean, Former Staff Director and Chief Counsel of the U.S. Senate Permanent Subcommittee on Investigations
  • Aldo Caliari, Center of Concern
  • Clark Gascoigne, FACT Coalition

The event will take place at the offices of Public Citizen, 1600 20th Street NW, Washington, D.C., 20009.

 

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