Global corporate tax avoidance: the role of tax advisors

By Susan Deng

Susan attended the 2016 World Bank and IMF Annual Meetings in Washington D.C. She is a UNSW Co-op Scholar studying a Bachelor of Commerce.


Tax advisors in the Big Four professional services firms represent a concentration of expertise and a channel through which governmental knowledge and private interests are exchanged. Solving global corporate tax avoidance requires engagement with tax advisors who facilitate aggressive tax planning and address conflicting incentives. This paper will explore potential conflicts and threats to independence enabled by tax advisor activities. It will also discuss the necessity for improved transparency and the consolidation of information disclosure.

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A consideration of 'Asset Recycling' as a means of improving infrastructure levels

By Tony Chen

Tony attended the 2016 World Bank and IMF Annual Meetings in Washington D.C. Tony is studying a Bachelor of Commerce at the University of Melbourne Faculty of Business and Economics.


This policy paper explores the topic of Asset Recycling. Asset Recycling (which will be referred to via the abbreviation AR from here forth) is a process of funding and creating new infrastructure developments through the privatisation of current nationally held physical assets and utilities.

There are three broad parts to this paper. The first considers the economic costs and benefits surrounding privatisation and brings them together in a decision rule. The second section examines how the government can optimise the balance between these costs and benefits in order to attain the most favourable outcome for society. Finally, the paper analyses how privatisation and Asset Recycling should be considered in the context of global and domestic economic stability. This will be accomplished through a case study of the Brazilian electricity industry during the 1990s under the government of Fernando Cardoso.

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Addressing the refugee migration crisis via economic policy: evaluation of a tradable refugee-admission quota system

By Tom Perfrement

Tom attended the 2016 World Bank and IMF Annual Meetings in Washington D.C. He is a UNSW Co-op Scholar studying a Bachelor of Chemical Engineering (Honours).


The World Bank and International Monetary Fund (IMF) represent a unique concentration of economic power and leadership and can directly influence the response to the global migration crisis.  The number of refugees fleeing Syria has created economic and social pressures in the European Union (EU) where asylum seeker policy has failed to effectively allocate costs and responsibilities. The asymmetry of refugee hosting worldwide may also have created circumstances for further destabilization in the Middle East and extremist violence in Europe and this has led to calls for global action and further EU policy reform.

This policy paper evaluates the potential of a tradable refugee admission quota system (TRAQS) as an economically grounded market-based solution to the refugee crisis. Via a SWOT style analysis, the value of such a system is revealed in cost-efficiency advantages, incentive compatibility and equitability to all participating nations. The inclusive nature of the World Bank and IMF presents an ideal forum to monitor a TRAQS model. Ultimately, implementation must be structured around a number of fundamental legal and institutional principles, including international solidarity.

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