New global rules on firms’ tax disclosure urged by economists

New global rules forcing companies to report taxable activities country-by-country publicly have been called for by a group of 300 prominent economists.In a letter to world leaders, the group urges the UK to “take a lead” in the push for more tax transparency.
Poor countries are the biggest losers from tax havens, they claim.
The letter’s signatories, co-ordinated by charity Oxfam, include best-selling author Thomas Piketty and 2015 Nobel Prize economics winner Angus Deaton.
The letter comes ahead of the UK government’s anti-corruption summit on Thursday, which politicians from 40 countries as well as World Bank and IMF representatives are expected to attend.