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- Title
SHAPING INTERNATIONAL TAX LAW AND POLICY IN CHALLENGING TIMES.
- Authors
COCKFIELD, ARTHUR J.
- Abstract
The OECD and G20 Base Erosion and Profits (BEPS) project represents the most comprehensive global cooperative effort to date to inhibit aggressive international tax planning and offshore tax evasion--along with related revenue losses. This cooperation promotes agreement on the underlying tax rules that govern cross-border transactions and reduces tax as a barrier to international trade and investment, hence improving global welfare. It remains unclear, however, whether ongoing cooperative solutions outside of tax administration will curtail perceived problems in any significant sense. Moreover, global political trends, including anti-globalization, nationalism, and populism--along with the rise of countries historically left off the bargaining table--make progress through international cooperation even more elusive. As a result of these forces, governments should continue to cooperate at the global level on tax administration agreements while simultaneously pursuing needed substantive tax and corporate law reforms at the national level.
- Subjects
TAX laws -- Interpretation &; construction; TAX administration &; procedure; POPULISM -- Social aspects; NATIONALISM &; economics; TAX planning; TAX laws
- Publication
Stanford Journal of International Law, 2018, Vol 54, Issue 2, p223
- ISSN
0731-5082
- Publication type
Article