Globalization and Its Tax Discontents

Cockfield, Arthur J.

doi:10.3138/9781442660021

Cited by 8 publications

(5 citation statements)

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“…The diverging interests between these two groups of countries made it much harder to reach an agreement on how to reform corporate taxation. Since the dominant OECD tax model treaties are generally regarded as more favourable towards residence countries (Cockfield, 2010), it is evident that the net source countries of the G20 tried to correct this imbalance through the BEPS process (Herzfield, 2016).…”

Section: Us Preferences and Redistributive Conflicts In Bepsmentioning

confidence: 99%

Great powers in global tax governance: a comparison of the US role in the CRS and BEPS

Lips

2018

Globalizations

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The G20 and the OECD recently claimed two successes in global tax governance: adopting automatic exchange of banking information in 2014, and the 2015 BEPS project on taxation of multinational companies. While the former signifies an essential step forward in reducing tax evasion, the BEPS outcomes were criticized for merely patching up flawed taxation principles based on the arms'-length standard. The emergence of global automatic exchange of information is often ascribed to the US who unilaterally enforced its own FATCA automatic information-exchange standard, while no comparable action happened during BEPS. This article investigates the US position on the BEPS outcomes and if a similar unilateral action would have led to more far-reaching cooperation concerning BEPS. By examining the distributional consequences of cooperation in both processes, we conclude that US power in tax governance in both issues is more limited than generally assumed and insufficient to explain global cooperation.

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Section: Us Preferences and Redistributive Conflicts In Bepsmentioning

confidence: 99%

Great powers in global tax governance: a comparison of the US role in the CRS and BEPS

Lips

2018

Globalizations

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“…318 Whereas states initially departed more liberally from the OECD Model, they now mirror it more closely as the OECD serves as focal point for the normative evolution of tax treaties and contributes to the normative convergence of tax treaties. 319 This convergence, in turn, facilitated the work of the MLI since differences between DTTs were not as pronounced as one would suspect in a network of bilateral treaties without formal centralization. The MLI could harness this relative homogeneity and leverage the work that had gone into updating the OECD Model and its commentary to codify targeted adjustments in the MLI.…”

Section: B Normative Convergence In Tax But Not Investmentmentioning

confidence: 95%

The OECD Multilateral Tax Instrument: A Model for Reforming the International Investment Regime?

Alschner

2019

SSRN Journal

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“…A fifth issue is that in cases concerning DRM revenue from international taxpayers, especially corporations, there is a fundamental conflict of interest between developing countries and OECD donors which also want favorable conditions for their resident multinational companies. There is a myriad of literature on how the international tax regime is lopsided in favor of net residence countries (Cockfield 2010;International Monetary Fund 2019;Picciotto 2013), but the global tax regime is not in the scope of the MTRS. 5 What should be in its scope however are the tax treaties that developing countries conclude, especially now when many of them are part of the BEPS IF whose minimum standards will be disseminated through the network of bilateral tax treaties.…”

Section: Issue 5: Potential Conflict Of Interest Between Donor and Pa...mentioning

confidence: 99%

Medium-Term Revenue Strategies as a Coordination Tool for DRM and Tax Capacity Building

Lips

Lesage

2021

United Nations University Series on Regionalism

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This chapter investigates the introduction of Medium-Term Revenue Strategies (MTRS) in developing countries as part of technical assistance for tax capacity building. The MTRS concept was devised by the Platform for Collaboration on Tax and is supposed to be a holistic high-level roadmap for tax policy reform around which civil society and external aid donors can coordinate. Tax capacity building for domestic resource mobilization has become a crowded governance field over the last decade with multiple bilateral and multilateral partners involved, sometimes in the same country. While there have been multiple high-level coordination efforts, within-country coordination is still lacking. As such, we investigate the concept’s usefulness as a coordination tool for donors to ensure their assistance is matched with a country’s needs and preferences. We also critically examine the concept’s potential pitfalls and deficiencies in terms of scope and ambition, partners, and legitimacy. We conclude that if the MTRS is evaluated as it is intended, an additional tool in the larger toolbox of coordination in the tax capacity building regime, the concept holds promise but calls for close scrutiny to ensure that they are truly country-owned and country-specific roadmaps.

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Globalization and Its Tax Discontents

Cited by 8 publications

References 0 publications

Great powers in global tax governance: a comparison of the US role in the CRS and BEPS

Great powers in global tax governance: a comparison of the US role in the CRS and BEPS

The OECD Multilateral Tax Instrument: A Model for Reforming the International Investment Regime?

Medium-Term Revenue Strategies as a Coordination Tool for DRM and Tax Capacity Building

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