Global Solidarity Champions Course

1. Global Solidarity Champions courseDublin, 19 March 2009 Globalisation, transnational companies and the race to the bottom Silvana Cappuccio, ITGLWF

3. Globalisation and its contridictions: the multinationals

4. Globalisation and its contradictions: the multinationals • Cuts in statutory corporate tax rates • The rise of export processing zones (epz) • The spread of tax havens

5. Cuts in statutory corporate tax rates In the last two decades Trends of • Tax avoidance and • Competition of Govenments in cutting corporate tax rates

6. Corporate tax rates in industrialised countries • Falled from around 45% to 30% • Growing number of multinationals • paying either no tax at all or • being taxed way below statutory rates

8. Corporate taxation in the XX century • At the beginning of the XX century, corporate taxation was limited and almost insignificant • During World War II and the post-war years it peaked up • Since then it has been on a steady decline

9. Corporate taxation in the XX century Over the last century there have been some similarities between countries’policy choices But Only in the last few decades these have become real parallel developments

10. Corporate taxation in the XX century As • interdependence between countries and • the importance of economic links between them Has become unprecedented So national corporate tax rates have been converging internationally

11. Corporate taxation in the XX century Tax deductions Or Tax holidays

13. The rise of export processing zones (EPZ) • Exemptions from import and export duties • Exemptions from capital gains taxes • Violate labour laws • Ban trade unions • Violate human rights

14. The spread of tax havens Only in the last 25 years… …73 countries and territories which fit the classification of tax haven

15. Let's not pretend that things will change if we keep doing the same things. A crisis can be a real blessing to any person, to any nation. For all crises bring progress.Creativity is born from anguish, just like the day is born form the dark night. It's in crisis that inventive is born, as well as discoveries, and big strategies. Who overcomes crisis, overcomes himself, without getting overcome. Who blames his failure to a crisis neglects his own talent, and is more respectful to problems than to solutions. Incompetence is the true crisis.The greatest inconvenience of people and nations is the laziness with which they attempt to find the solutions to their problems. There's no challenge without a crisis. Without challenges, life becomes a routine, a slow agony. There’s no merit without crisis. It's in the crisis where we can show the very best in us. Without a crisis, any wind becomes a tender touch. To speak about a crisis is to promote it. Not to speak about it is to exalt conformism. Let us work hard instead.Let us stop, once and for all, the menacing crisis that represents the tragedy of not being willing to overcome it.

20. Let's not pretend that things will change if we keep doing the same things. A crisis can be a real blessing to any person, to any nation. For all crises bring progress.Creativity is born from anguish, just like the day is born form the dark night. It's in crisis that inventive is born, as well as discoveries, and big strategies. Who overcomes crisis, overcomes himself, without getting overcome. Who blames his failure to a crisis neglects his own talent, and is more respectful to problems than to solutions. Incompetence is the true crisis.The greatest inconvenience of people and nations is the laziness with which they attempt to find the solutions to their problems. There's no challenge without a crisis. Without challenges, life becomes a routine, a slow agony. There’s no merit without crisis. It's in the crisis where we can show the very best in us. Without a crisis, any wind becomes a tender touch. To speak about a crisis is to promote it. Not to speak about it is to exalt conformism. Let us work hard instead.Let us stop, once and for all, the menacing crisis that represents the tragedy of not being willing to overcome it. Crisisaccordingto…..