The economic crisis was a catastrophe waiting to happen and a prominent
John Christensen, economist and director of the International Secretariat, Tax Justice Network, is a speaker at the marcus evans European Tax Summit 2011 being held in Montreux, Switzerland, on 13-15 March.
Christensen says that even in the boom years he and his colleagues were wary about the so called health of the
“I was very sceptical about the health of these economies. It has hasn’t just been the current economic or financial crisis- it didn’t emerge from nowhere. As an economist, I’ve been very publicly expressing concerns for well over a decade about the way in which the
With many European countries favouring fiscal austerity as the way to produce strong and sustainable growth, Christensen doubts austerity packages will do much to improve the situation.
“I think it’s very, very unlikely.
Christensen believes that governments can shore up much needed revenue from multinational companies through tax.
“The recession has made the public more conscious of whether or not the government has no choice, as they claim, other than to impose austerity measures. We are saying that’s not the case: choices are being made and key governments are choosing to not raise revenue from multinational companies. The revenue sums are absolutely massive – they run to hundreds of billions of pounds.”
The marcus evans European Tax Summit 2011 will be held in March in Montreux, Switzerland, on 13-15 March.
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