What can the G20 do to support tax systems for just and resilient societies? Fighting inequality through progressive taxation

Policy Area:
International Finance and Economic Recovery

Topics:
Global health International finance architecture Policy responses to COVID-19

Just and resilient societies depend on an adequate public funding base to provide important public goods, such as health care and education. The COVID-19 pandemic crisis has put a stark spotlight on this: Strong public health systems are an important pre-requisite for successfully dealing with the medical consequences of the pandemic, and fiscal stimulus packages will play an important role in stabilising economies.

However, in recent years there has been an erosion of the public funding base in many countries, as the globalisation and digitalisation of value creation was accompanied by profit shifting and tax avoidance. What can the G20 do to support tax systems for just and resilient societies? Will the OECD led initiative on Base Erosion and Profit Shifting come to a successful conclusion in 2020, as envisaged by G20 leaders? How can progressive wealth taxes contribute to more equitable societies?

Experts

Norbert Walter-Borjans

Social Democratic Party of Germany (SPD)

Jayati Ghosh

Jawaharlal Nehru University, New Delhi

Chidi King

International Trade Union Confederation

Wayne Swan

Australian Labor Party

Berat Albayrak

Olaf Scholz

Solution Sessions

Global minimum taxation and the international solution for taxation of the digital economy: keynote by Olaf Scholz

Global minimum taxation and the international solution for taxation of the digital economy: keynote by Berat Albayrak

Fighting inequality through progressive taxation

Policy Briefs

Think7 Japan Communiqué

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Steven L. Schwarcz - Duke University School of Law, Durham (USA)

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Laveesh Bhandari - Center for Social and Economic Progress (CSEP), New Delhi (India), Rishikesh Ram - Bhandary Global Development Policy Center, Boston University (USA), Amar Bhattacharya - Brookings Institution, Kevin P. Gallagher - Global Development Policy Center, Boston University, USA, Toby Melissa C. Monsod - University of the Philippines and Financial Futures Center, Manila (Philippines), Marilou Uy - Intergovernmental Group of Twenty-Four (G24)

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Daniel Bradlow - Centre for Human Rights, University of Pretoria (South Africa), Stephen Park - University of Connecticut (USA)

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Commentaries and Articles

T20 Recommendations Report: International Financial Architecture for Stability and Development

Compiled by Dennis Görlich (IfW Kiel), Katharina Lima de Miranda (IfW Kiel) and Juliane Stein-Zalai (IfW Kiel)

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By Gonzalo García-Andrés (Elcano Royal Institute)

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By Anton Pichler, François Lafond, J. Doyne Farmer, R. Maria del Rio-Chanona, Penny Mealy (University of Oxford – Institute for New Economic Thinking)

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By Venkatachalam Anbumozhi (ERIA)

Download the 2020 Edition of the Global Solutions Journal

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By Michael Dittrich (DBU)

Download the 2020 Edition of the Global Solutions Journal

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By Urs Schrade (GIZ) & Tobias Straube (Scio); Co-author: Franziska Frische

Download the 2020 Edition of the Global Solutions Journal

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By Daniel Gros (CEPS)

This is what the economic fallout from coronavirus could look like