I begin four days on the road today - I'm off to Helsinki. The\u00a0Tax Justice Network and Finnish government are jointly\u00a0hosting\u00a0a technical conference\u00a0on issues relating to transfer pricing and how to address the quite fundamental problems inherent in the OECD's arm's\u00a0length\u00a0pricing model of transfer pricing that almost\u00a0invariably\u00a0allows profits to be shifted into tax havens at cost to developed and\u00a0developing\u00a0countries alike.<\/p>\n
The question we're seeking to answer is \"where are the profits?\"\u00a0Followed\u00a0by, \"Where should the profits be?\" and \"How do we get them there?\"<\/p>\n
Now I admit the\u00a0subject\u00a0is a bit geeky: the fact that I reckon this is going to be an exciting few days amongst a group of experts whom I admire and respect and from whom I expect to learn a lot is\u00a0enough, I'm sure, to qualify me as a wonk. But it's also vital. This is about how and why a country gets to tax a profit. And as we saw only yesterday<\/a>, profitable companies are all too good at making sure their profits are not in countries that need the tax they owe. In that case if I blog about it more than usual this week, please bear with me.<\/p>\n And for those who nothing about it, I recorded a video introduction to the subject about 5 years ago I think, but it's as relevant now as then, so give it a watch.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" I begin four days on the road today – I’m off to Helsinki. The\u00a0Tax Justice Network and Finnish government are jointly\u00a0hosting\u00a0a technical conference\u00a0on issues relating
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