Curbing multinational tax dodging

Where is income?

Multinationals can make their profits pop-up in the country where they will pay the least amount of tax. The dodge is known as “transfer pricing”. The hound of the tax dodgers, Richard Murphy, has just made a presentation on country-by-country reporting at the Tax Justice Network’s transfer pricing conference in Helsinki.

Murphy argues for country-by-country reporting. However, surely it follows logically that governments should begin by collecting as much tax as possible from those revenue streams that have a determinate point of origin.