Development Finance Institutions and Responsible Corporate Tax Behaviour
Report for Oxfam IBIS (Denmark) and other NGOs (November 2016)
This report, written with Sara Jespersen of Oxfam IBIS, finds that Development Finance Institutions (DFI) are not doing enough to avoid becoming accomplices in harmful corporate tax practices. It highlights the role DFIs should play in promoting responsible tax practices by companies. DFIs are largely failing to use their influence as investors in companies operating in developing countries to ensure that those companies restrict or eliminate their use of tax havens or to reduce the risk of corporate tax avoidance. While others have taken important steps forward. There is a particular need for DFIs to play this role, given the scale of global tax dodging, the fact that DFIs largely use public money and since DFI investments in developing countries are significantly increasing.