The Resource International tax: "pillars" of strength or ruins in the making?

International tax: "pillars" of strength or ruins in the making?

Label
International tax: "pillars" of strength or ruins in the making?
Title
International tax: "pillars" of strength or ruins in the making?
Creator
Subject
Language
eng
Summary
The taxation of multinational corporations is undergoing a paradigm shift in Australia and around the world. Taxing multinationals appears to be a win-win for governments: it satisfies voter concern that multinationals aren't paying their "fair share", it isn't as politically fraught as increasing the taxes (directly) paid by said voters, and it raises much-needed revenue. The main risk is capital flight, but this is minimised where countries act together. To this end, in addition to Australia's recent unilateral and multilateral measures (the multinational anti-avoidance law and diverted profits tax, and the anti-hybrid rules, the multilateral instrument and country-by-country reporting, respectively), Australia and the 134 other countries in the Inclusive Framework of the Organisation for Economic Cooperation and Development are currently considering an ambitious plan to harmonise and increase the taxation of multinationals - the "two pillars" plan. This article examines the plan and makes predictions about its future
Citation source
In: Taxation in Australia. - Sydney. - Vol. 54 (2020), no. 7 ; p. 365-371
http://library.link/vocab/creatorName
Burnett, C.A
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • Pillar 1 (OECD)
  • Pillar 2 (OECD)
  • global minimum tax
  • transfer pricing
Label
International tax: "pillars" of strength or ruins in the making?
Instantiates
Publication
Label
International tax: "pillars" of strength or ruins in the making?
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
Processing Feedback ...