On 125th July, the IMF Blog carried a post saying that over the past 30 years, corporate tax rates in all countries have fallen to very low levels, as is shown in the chart.  The post says a new approach to international taxation is required, because of –

  • the ease with which multinationals seem able to avoid tax, combined with the 3-decade long decline in corporate tax rates, undermines both tax revenue and faith in the fairness of the overall tax system; and
  • the current situation is especially harmful to low-income countries – non-OECD countries lose about $200 billion in revenue per year, or about 1.3% of GDP, due to companies shifting profits to low-tax locations.

A new research paper from the IMF analyses various options in the context of three key criteria: better addressing profit-shifting and tax competition; overcoming the legal and administrative obstacles to reform; and ensuring full recognition of the interests of emerging and developing countries.


This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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