GLOBAL & PUBLIC FINANCE
Posing critical issues and alternatives to the 18th official Summit of the South Asia Association for Regional Cooperation (SAARC), people’s organizations and movements from all over South Asia and from various sectors gathered for the “People's SAARC Regional Convergence”, which united around the theme “People’s movements uniting South Asia for deepening democracy, social justice and peace”.
Fiscal policies of governments mainly involve revenues and expenditures. JSAPMDD considers these two main instruments of fiscal policy important for obvious reasons – examining whether governments equitably source funds and whether governments' public spending of these funds is in keeping with people's needs.
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.
One of the forms of pressure imposed by North governments and international financial institutions on developing countries to attract prospective investors is to enter into various trade agreements and tax treaties.