Transnational Corporations and Tax Justice Issues
In many developing countries, transnational corporations (TNCs) enjoy more rights than citizens. This is certainly the case when it comes to taxes. Where development agenda hinge in large part on attracting foreign direct investments (FDIs), governments offer a range of substantial profit-based tax incentives to prospective investors and enter into treaties advantageous to corporations.
These have been documented as resulting in huge profits for TNCs on one hand and massive foregone public revenues on the other.