priscilla russo '17 economic and financial affairs council

priscilla russo '17
economic and financial affairs council

 

Topic A: Offshore Tax Evasion

With the release of the Panama Papers, there has been a revitalization of discussion related to offshore tax evasion. Numerous world leaders have had their reputations compromised with the release of these confidential documents. Already, several leaders have stepped down from office. It is imperative that the global community comes together during this period of vulnerability to discuss legitimate ways of combatting tax evasion. Is there anything the international community can do to incentivize countries to take a harder stance on offshore tax evasion? How can ECOFIN balance promoting open market operations while still pushing to bring income into countries to increase state revenues? How has the release of the Panama Papers affected state leadership and leadership on this matter? This committee will be looking at offshore tax evasion from a unique perspective.

 

Priscilla Russo is a senior concentrating in Economics, with a secondary in Government. She has participated in model United Nations since her freshman year of high school. This will be her third time chairing at WorldMUN. She chaired the Legal Committee in Seoul and the Economic and Financial Committee (ECOFIN) in Rome. She is excited to be in the General Assembly and to chair ECOFIN once again. Besides model United Nations, Priscilla spends her time sailing for the College team and sketching.

 

Topic B: Understanding the Ramifications of Immigration

Immigration has been a highly contentious issue in the international community. Highly developed states, like Germany and the United States, have been burdened with the economic constraints that come with rising immigrant populations. Many leaders have appealed to issues of deteriorating cultural identity to justify tougher immigration policies. Developing states, who are often faced with rising population growth rates and depleting resources, find emigration out of their countries to be beneficial for their development. Economists, like Michael Clemens, have often argued that free global labor mobility would in fact produce higher levels of productivity and more than doubling world GDP. In this period of tremendous economic inequality across and inside borders, what stance should ECOFIN and the international community have on immigration? Should ECOFIN focus on immigration in its efforts to eradicate poverty? Are the arguments related to cultural identity simply a ploy to get out of accepting immigrants across one’s borders? How should the international community balance these economics incentives with national sovereignty?