Tax cooperation could yield $200 billion for development

Improved international tax cooperation could yield up to $200 billion annually for developing countries, almost double the amount of development assistance currently provided to them. A background paper by Prof. Valpy FitzGerald, commissioned in preparation for the World Economic and Social Survey 2012: In Search of New Development Finance, argues that changes to the existing international tax structures, which allow citizens and firms of developing countries to evade taxes on a staggering scale, could starkly reduce their aid dependence and raise significant resources for development.