Corporate tax, workers and bargaining power in times of Covid

23 Oct 2020 2 Rue André Pascal, 75016 Paris, France 23 Oct - 23 Oct

Corporate tax, workers and bargaining power in times of Covid

  • 23 Oct - 23 Oct
  • 2 Rue André Pascal, 75016 Paris, France

Joint webinar organised by PSI and the Trade Union Advisory Committee (TUAC) to the OECD on building the union response to change the global corporate tax system to tackle the Covid crisis. The webinar will take place from 14.00 – 16.30 CET (12.00 – 14.30 UTC)​.

Attendance is by registration only – you may register here.

With an unprecedented health and economic crisis, financing public spending is now a global priority. The rising risk of sovereign debt defaults and austerity create well-known risks for workers: deregulation, suppression of wages, cutting of public services and pensions. These crises also shifts the incidence of tax to workers, as value-added taxes rise and corporate taxes are cut.

What is less understood by unions is that the current corporate tax system facilitates tax avoidance in ways that dramatically harm wages, jobs and conditions and exacerbate inequality. Aggressive tax planning opaquely shifts profits from healthy subsidiaries that employ workers and sends it to post box companies in tax havens, where they are not available for wage bargaining and cannot be found. The same process shifts capital to tax havens that would otherwise be used for productive investment and job creation in the home country, undermining employment, productivity growth and economic development.

At a time when the global tax rules are under consideration at the OECD, this webinar will hear case studies that illustrate how tax avoidance hurts workers and what union can do about it.

We invite all public and private sector unions to join us. Interpretation will be provided in English, French and Spanish.

Attendance is by registration only – you may register here.