12 Apr 2016

Overcoming taxation challenges to the world economy

Allison Christians, H. Heward Stikeman Chair in the Law of Taxation at McGill University Faculty of Law, Montreal, gave a lecture at the WTI on 6 April examining some of the implications of new developments in the transnational tax law order.

Tax jurisdiction overlaps and gaps are endemic in a world economy powered by constant cross-border flows of capital and income. Some states have sought to overcome the challenges to taxation thus created by engaging in consensus building over nonbinding ‘soft law’ norms through the Organisation for Economic Co-operation and Development (OECD).

 

The OECD’s most recent coordinative exercise, the so-called Base Erosion and Profit Shifting (BEPS) initiative, is more forceful than past efforts in laying down specific mandates in the form of minimum standards, state implementation of which is to be subject to peer  monitoring.

 

Entitled ‘Multilateralism and BEPS: Exploring the issues of distributional justice and globalisation’, the Brown Bag seminar considered whether OECD norms were appropriate for all countries given that the OECD represents primarily the interests of its key members: a small set of the world’s most powerful countries.

 

NCCR Trade Regulation Brown Bag Seminars are 30-minute presentations, given by external or in-house researchers. The presentations are followed by a 30-minute question and answer session.

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