The World Bank confirms we are at tax war

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I am at a conference at the World Bank on tax and development today and tomorrow.

Jan Walliser, Vice President, Equitable Growth, World Bank, has said this morning that aggressive tax planning by multinational corporations and high net worth individuals puts them in a state of tax war with developing countries. And he argues as a result that those countries suffer a cost of at least US$100 billion a year - a sum broadly equivalent to world aid to those countries.

It has taken a long time to get such agreement, bith on the language and on the sum involved.

This is progress.

And delivering country-by-country reporting to these countries and the capacity to use it was identified as a key solution by the World Bank.

I welcome that.

But I want delivery.