Are We Heading towards a Corporate Tax System Fit for the 21^stCentury?

Abstract

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The African mining vision: perspectives on mineral resource development in Africa

“…In fact, the underlying unfair 1920s compromise for allocating the rights to tax cross-border operations of multinational companies remain unchanged. 173 This compromise favours capital exporting countries with greater taxing rights over capital importing countries.…”

Digital Revolutions in Public Finance

“…This principle is reflected in the specific actions. As we have written at length elsewhere (Devereux and Vella 2014), many problems are associated with this new principle. Two central problems are highlighted here.…”

“…The broad thrust of the reforms purport not to be changing the current allocation of taxing rights, but they do depart from it to some extent (Devereux and Vella 2014). This is achieved by adding a qualification to the current allocation rules where abuse is perceived.…”

Reforming International Taxation: Is the Process the Real Product?

“…Of course much has been written about the substantive issues of reforming international taxation in addition to the few comments made later in the present paper. For example, recent estimates of the scale of international undertaxation may be found in Devereux and Vella (2014) and Crivelli, de Mooij and Keen (2015) and the extent to which alternative ways of taxing corporations may resolve the problem has been considered in many other papers -e.g. Merlo, Riedel, and Wamser (2015) (proposing uniform thin capitalization rules) and Auerbach, Devereux, and Simpson (2010) (proposing a shift to a destination-based cash-flow tax).…”