Monday, January 13, 2020
Ruth Mason (Virginia) presents The Transformation of International Tax at Boston University today as part of its Tax Policy Colloquium hosted by David Walker:
The Great Recession precipitated a political crisis that motivated an unprecedented international project to curb corporate tax dodging. Contrary to dominant scholarly views, this Article argues that this effort transformed international tax, by changing its norms, agenda, decisionmakers, and even its legal forms. Although effective at coordinating the actions of independent states, these new procedures and instruments of international tax reduce democratic legitimacy and accountability, and they increase the complexity of tax law. Perhaps the most important, but often unacknowledged impact of the project was that efforts to close corporate tax loopholes opened a rift over the resulting revenues that threatens to unravel the international tax regime.