Showing 1-7 of 7 blogs
November 2019
Blog
by Sol Picciotto

Developing countries are making a significant contribution to the current efforts to reform international tax in the project on base erosion and profit shifting (BEPS), despite the obstacles they face in making their participation effective. It is welcome that since 2016 participation in the process was open to all countries, through the Inclusive Framework on…

Read more
March 2019
Blog
by Sol Picciotto

The international tax event of the year took place on the 13-14th of March in Paris. It was the public consultation on Tax Challenges of Digitalisation of the Economy, organised for the Inclusive Framework on BEPS (Base Erosion and Profit Shifting), by the Organisation for Economic Cooperation and Development (OECD). For those who could not…

Read more
May 2018
Blog
by Sol Picciotto

In a recent paper, revised and published as a blog post, I argued that tax avoidance by multinationals should be included in the official definitions of illicit financial flows (IFFs). I argue that a broad definition of IFFs is essential, since they all use the offshore tax haven and secrecy system, which indeed multinationals helped…

Read more
April 2017
Blog
by Sol Picciotto

Last week the UN Committee of Experts on International Tax (UNTC) met at the United Nations HQ in New York, a few metres from the Security Council meetings on Syria, followed by a special session on tax of the Economic and Social Council (ECOSOC). Most of the meeting dealt with detailed technical issues, as the…

Read more
December 2016
Blog
by Sol Picciotto

What are international tax disputes? Formally, international tax disputes are between the tax authorities of two different countries. They result from differing interpretations of the provisions of a tax treaty between the two countries. However, they mainly affect taxpayers with cross-border economic activities, usually transnational corporations (TNCs). Tax treaties are normally incorporated into domestic law. So,…

Read more
November 2015
Blog
by Sol Picciotto

There’s surprising news from Antalya, where the G20 leaders met last weekend. The meeting was obviously dominated by immediate crises dramatised by the terrorist attack in Paris and the continuing drama of mass refugee movements. They nevertheless found time to discuss, among other issues, a new legal framework to curb international tax avoidance by multinational…

Read more
February 2013
Blog
by Sol Picciotto

A new report from the OECD is contemplating major changes to international tax rules. This is a progress report on its project on ‘base erosion and profit shifting’ (BEPS), which highlights the large tax revenue losses to countries around the world due to tax avoidance by transnational corporations (TNCs). This interim report was called for by the…

Read more