TAX SPILLOVER: A NEW FRAMEWORK

In their report for the APPG and SPERI Andrew Baker (Professorial Fellow at the Sheffield Political Economy Research Institute) and Richard Murphy (Professor of Practice in International Political Economy at City University) set out a new framework for calculating the economic damage of a global race to the bottom on tax.

The report responds to growing concerns from major NGOs like Oxfam, international organisations and governments about ‘tax spillover’ effects – or how one country’s tax policy impacts another country’s tax base, tax policy and economic activity. This report sets out a new way to analyse these effects.

Tax is about much than revenue raising. It is an instrument in broader economic and social policy and so is at the heart of the inclusive growth debate