The International Chamber of Commerce has published, circulated among delegates, and promoted at a side event a report claiming that the global implementation of withholding taxes under Article 12AA of the UN Model would produce net losses for the global South.
The Tax Justice Network’s review finds the results to be based on a deeply flawed model, prompting us to conclude that the ICC’s report’s are meaningless at best – if not deliberate distortions to serve a lobbying agenda.