World Bank

World Bank and IMF: Where do they stand on progressive and responsible taxation?

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The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries. However, their approach needs to go much further to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues. The World Bank and the IMF … Read more

Will Oil Always Be Priced in Dollars?

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The oil industry began in Texas and so oil is priced in dollars. In 2009, however, the Independent reported what would be a highly-profound move: the Gulf States, China, Japan, France and Russia were negotiating to end dollar-denominated dealings in oil. Use would instead be made of a basket of currencies including the euro, Chinese … Read more