Will poorer countries benefit from international tax reform?
Yes, but not by as much as they want
INTERNATIONAL TAX reform pits tax-hungry governments against giant multinational companies and their armies of tax advisers. It sets high-tax jurisdictions against low-tax havens. And it requires rich- and poor-country governments to somehow reach agreement. The 139 countries haggling at a forum run by the OECD, a club of mostly rich countries, have yet to reach a consensus. Poorer countries worry that the proposals on the table discussed are too complicated, inflexible and unfair.
This article appeared in the Finance & economics section of the print edition under the headline “Fighting for the scraps”
Finance & economics June 5th 2021
- What a work-from-home revolution means for commercial property
- As oil demand picks up, OPEC’s discipline will be tested
- What could break Hong Kong’s property market?
- The Chinese state is pumping funds into private equity
- Covid’s unequal effect on companies
- Twilight of the tax haven
- Will poorer countries benefit from international tax reform?
- What are the limits to government borrowing?
From the June 5th 2021 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Trump’s brutal tariffs far outstrip any he has imposed before
Canada, Mexico and China are going to be made to suffer
Why your portfolio is less diversified than you might think
The most important idea in modern finance has become maddeningly hard to implement
Can Germany’s economy stage an unexpected recovery?
The situation is dire, but there are glimmers of hope
Giorgia Meloni has grand banking ambitions
Will Italy’s nationalist prime minister manage to concentrate financial power?
Tech tycoons have got the economics of AI wrong
Following DeepSeek’s breakthrough, the Jevons paradox provides less comfort than they imagine
Donald Trump’s economic warfare has a new front
The president has threatened to blow up the global tax system. Will allies be able to stop him?