Showing 1 - 12 of 65 blogs
March 2022
Blog
by Giulia Mascagni & Mick Moore

Last week, the Institute of Development Studies (IDS) held an event on the global development and economic implications of the conflict in Ukraine, at which ICTD Fellows Mick Moore and Giulia Mascagni spoke on the subject of sanctioning Russian oligarch’s wealth, the menace of the offshore financial system, and the urgent need and opportunity to…

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February 2022
Blog
by Didier Jacobs

Last October, 137 of the 140 jurisdictions that are members of the Inclusive Framework reached a high-level agreement on the taxation of multinational corporations, combining a reallocation of taxing rights to market countries (Pillar 1) and a 15% global minimum effective tax rate (Pillar 2). The agreement builds on proposals developed by the OECD, a…

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November 2021
Blog
by Martin Hearson

G20 leaders are celebrating a new agreement to strengthen the taxation of tech firms and create a global minimum tax, reached by 136 jurisdictions and brokered at the OECD. Numerous lower-income countries have expressed frustration that their influence was marginal and their demands rejected, but many have nonetheless signed up. Historical legacies These negotiations reflect…

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October 2021
Blog
by Bob Michel & Tatiana Falcão

From October 19th to 28th, the 23rd Session of the United Nations Committee of Experts on International Cooperation in Tax Matters (‘the UN Tax Committee’) is taking place. It is the first meeting of the committee’s new membership, at which those members will determine the plan of work for their four-year term. A per usual,…

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August 2021
Blog
by Deepak Kapoor

The ‘Most Favoured Nation’ principle In international economic relations, the Most Favoured Nation (MFN) principle is the bedrock of non-discriminatory trade policy. The underlying principle is, if a country extends favourable treatment to another country on a particular subject under a given agreement, it must treat other parties to the agreement equally regarding that subject. Along similar lines, the MFN clause in tax treaties…

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June 2021
Blog
by Carlos Protto, Frederik Heitmüller, Mary Baine, Mustapha Ndajiwo, Suranjali Tandon & Yue Daisy Dai

On June 30th to July 1st, the 139 countries that are members of the Inclusive Framework on BEPS will meet online to discuss the “two pillar approach” they have been developing to reform the taxation of multinational business. The recent G7 agreement on reallocating some taxing rights for the “largest and most profitable” multinational companies…

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June 2021
Blog
by Rasmus Corlin Christensen

This weekend, the Group of Seven (G7) finance ministers completed a “historic global tax agreement,” a “seismic” and “landmark deal,” that will create an international tax system “fit for the 21st century.” Or so, at least, is the narrative presented by some of the G7 folk (most prominently UK chancellor Rishi Sunak), which has been…

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May 2021
Blog
by Sol Picciotto

Reforming global corporate taxation Proposals from the Biden administration have injected new life into the international process to reform the taxation of multinational enterprises (MNEs), but achieving a fair and effective outcome remains problematic. Greater attention must be paid to the perspective of lower-income countries and proposals they have made for more comprehensive reforms that…

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April 2021
Blog
by Michael Durst

The Biden Administration’s proposal On March 31, the Biden Administration proposed, as part of its “Made in America” tax proposals, a 21% minimum tax on affiliates of US-owned multinationals operating in countries around the world. Under the proposal, if a US-owned company operating in a foreign jurisdiction were to succeed, perhaps through avoidance devices or…

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April 2021
Blog
by Abdul Muheet Chowdhary

As the current membership of the UN Tax Committee meets for the last time this week, Abdul Muheet Chowdhary examines how it can be reformed to better serve the interests of developing countries. The UN Tax Committee Nestled within the UN’s Economic and Social Council is a little-known but vitally important subsidiary body with the…

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October 2020
Blog
by Fritz Brugger

When work on the taxation of the digital economy kicked off as part of the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project in late 2018, there seemed to be a broad agreement that international tax rules needed an overhaul to successfully tax billion dollar tech giants like Amazon, Google and Facebook. Key to this…

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