The effects of foreign direct investment (fdi) on the environment in developing countries are now assessed quite differently from in the past



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ImpactofMultinationalCorporationsonDevelopingCountries

5.2.2.5. Tax Evaders: The issue of tax evasion by MNCs continues to generate acrimonious debate, despite guidelines produced by the Organisation for Economic Cooperation and Development (OECD). Multinational corporations protest that they pay their taxes responsibly. For example, the U.S. Chamber of Commerce in Bangkok claimed a few years ago that MNCs paid 70% of Thailand's corporate taxes, implying considerable tax evasion by the locals. But even this seemingly simple claim was clouded by the intricate workings of the local tax code. The debate will most likely continue as a hidden technical subject, leaving public opinion unaltered in its negative perception (Stopford, 1998).

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