Developing countries in Asia lose vast amounts in financial outflows, in large part because of tax dodging bycorporations. Almost $6 trillion left developing countries between 2002 and 2011, increasing at a rate of over 10% per year. Multilateral development bodies looking for ways to pay for social progress should begin their search here.
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”.
Based on Asian Conference on Energy and Asian Climate Justice Assembly Discussions
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.