Day 2 of OECD Consultation on International Tax Reform Blueprints January 15, 2021 The OECD consultation is in the context of the Inclusive Framework on Base Erosion and Profit Shifting which is made up of delegates from more than 135 countries and is focused on policies that reduce opportunities for tax avoidance by multinational companies. The current proposals being considered would change both where and how much companies pay in corporate taxes.
Day 1 of OECD Consultation on International Tax Reform Blueprints January 14, 2021 The first session was focused on Pillar 1 of the OECD proposal. The pieces in Pillar 1 would change tax rules so that companies would be paying more taxes in countries based on the location of customers. This approach would move more tax revenues into so-called “market countries.”
Tax Foundation Response to OECD Public Consultation Document: Reports on the Pillar One and Pillar Two Blueprints December 14, 2020 The Tax Foundation response to the OECD public consultation document on the reports on the OECD Pillar 1 and OECD Pillar 2 blueprints.
Two Roads Diverge in the OECD’s Impact Assessment October 20, 2020 The difference that the OECD presents between the potential impact in the context of agreement compared to a harmful tax and trade war should show policymakers the value of continuing multilateral discussions.
Pillars, Blueprints, an Impact Assessment, and Construction Delays October 13, 2020 The OECD released blueprints for proposals on changing international tax rules alongside an impact assessment based on the overall design of the proposals. While the blueprints cover proposals both for changing where large multinationals owe corporate tax and designing a global minimum tax, there are still many unanswered questions. In the meantime, other digital tax proposals are moving forward and have the potential to result in a harmful tax and trade war.
Thin-Cap Rules in Europe August 27, 2020 To discourage a certain form of international debt shifting, many countries have implemented so-called thin-capitalization rules (thin-cap rules), which limit the amount of interest a multinational business can deduct for tax purposes.
CFC Rules in Europe August 20, 2020 To prevent businesses from minimizing their tax liability by taking advantage of cross-country differences in taxation, countries have implemented various anti-tax avoidance measures, one known as Controlled Foreign Corporation (CFC) rules.
Where Should the Money Come From? August 12, 2020 The fiscal response to the COVID-19 pandemic will require policymakers to consider what revenue resources should be used to fill budget gaps. Tax policy experts have proposed wealth taxes, (global) corporate minimum taxes, excess profits taxes, and digital taxes as opportunities for governments to raise new revenues.
Decades in Corporate Taxation July 8, 2020 Corporate taxation has evolved significantly, with rates coming down significantly over the last several decades. Countries have redesigned their tax bases by changing the treatment of losses, interest, and capital costs. A recent OECD report highlights the general stabilization of corporate tax revenues and statutory rates alongside major changes to address profit-shifting opportunities.
A Blow to Pillar 1 June 17, 2020 The U.S. has called for a pause in global digital tax negotiations, dealing a blow to Pillar 1 of the OECD's international tax project. What happens next could be very harmful for the global economy.
The U.S. Trade Representative Expands Its Digital Services Tax Investigations June 2, 2020 The U.S. Trade Representative (USTR) expanded its digital service tax investigations, announcing Section 301 investigations into digital tax policies in nine countries and the European Union. The announcement follows an investigation of the French digital services tax that was completed in 2019, after which the USTR threatened significant #tariffs in retaliation against France.
Digital Taxation Around the World May 27, 2020 The digitalization of the economy has been a key focus of tax debates in recent years. Our new report reviews digital tax policies around the world with a focus on OECD countries, explores the various flaws and benefits associated with the wide set of proposals, and provides recommendations for lawmakers to consider.
Digital Services Taxes: Do They Comply with International Tax, Trade, and EU Law? May 26, 2020 A digital services tax like the one implemented by France likely violates both the General Agreement on Trade in Services and a model U.S. free trade agreement. However, it is uncertain whether meaningful relief could be obtained under either regime.
Chaos to the Left of Me. Chaos to the Right of me. May 5, 2020 The OECD recently announced that the negotiation timeline for new digital tax proposals has now been pushed back to October due to the COVID-19 pandemic, although the end-of-year deadline for the overall project is still in place.
Is Now the Time for a $100 billion Tax Increase? April 13, 2020 Seemingly unconcerned about how the digital project could impact the economy at this crisis moment, officials at the OECD recently released a statement boasting that they are continuing to work “full steam” on their global digital tax project.
Tax Foundation Response to OECD Public Consultation Document: Global Anti-Base Erosion Proposal (“GloBE”) (Pillar Two) December 2, 2019
The OECD’s Pillar 2 Proposal Raises Serious Questions November 8, 2019 Addressing tax avoidance is a key political issue for many countries, but these policies should not be discussed without accounting for the size of the current problem, how recent policy changes have addressed it, and what potential impacts might come from this new approach.
Response to OECD Public Consultation Document: Secretariat Proposal for a “Unified Approach” under Pillar One November 11, 2019
The Challenges of Consensus in the Digital Economy on the International Tax Treaty System June 25, 2019
How Controlled Foreign Corporation Rules Look Around the World: United States of America June 24, 2019
Initial Thoughts on the OECD’s Inclusive Framework “Work Plan” to Resolve the Taxation of the Digital Economy May 31, 2019
Tax Foundation Response to OECD Public Consultation Document: Addressing the Tax Challenges of the Digitalization of the Economy March 4, 2019
Making Sense of Profit Shifting: Kenneth Klassen June 24, 2015 Kenneth Klassen is the Deloitte Professor and Director of the Waterloo Centre for Taxation in a Global Economy at the University of Waterloo.
Making Sense of Profit Shifting: Victoria Perry June 22, 2015 Victoria Perry is Assistant Director in the Fiscal Affairs Department and Division Chief of the Tax Policy Division at the International Monetary Fund.
Making Sense of Profit Shifting: Pascal Saint-Amans May 22, 2015 Pascal Saint-Amans is Director of the OECD’s Centre for Tax Policy and Administration (CPTA).
Making Sense of Profit Shifting: Dhammika Dharmapala May 14, 2015 Dhammika Dharmapala is a Professor of Law at the University of Chicago Law School.
Making Sense of Profit Shifting: Kimberly Clausing May 12, 2015 Kimberly Clausing is the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College.
Day 2 of OECD Consultation on International Tax Reform Blueprints January 15, 2021 The OECD consultation is in the context of the Inclusive Framework on Base Erosion and Profit Shifting which is made up of delegates from more than 135 countries and is focused on policies that reduce opportunities for tax avoidance by multinational companies. The current proposals being considered would change both where and how much companies pay in corporate taxes.
Day 1 of OECD Consultation on International Tax Reform Blueprints January 14, 2021 The first session was focused on Pillar 1 of the OECD proposal. The pieces in Pillar 1 would change tax rules so that companies would be paying more taxes in countries based on the location of customers. This approach would move more tax revenues into so-called “market countries.”
Two Roads Diverge in the OECD’s Impact Assessment October 20, 2020 The difference that the OECD presents between the potential impact in the context of agreement compared to a harmful tax and trade war should show policymakers the value of continuing multilateral discussions.
Pillars, Blueprints, an Impact Assessment, and Construction Delays October 13, 2020 The OECD released blueprints for proposals on changing international tax rules alongside an impact assessment based on the overall design of the proposals. While the blueprints cover proposals both for changing where large multinationals owe corporate tax and designing a global minimum tax, there are still many unanswered questions. In the meantime, other digital tax proposals are moving forward and have the potential to result in a harmful tax and trade war.
Where Should the Money Come From? August 12, 2020 The fiscal response to the COVID-19 pandemic will require policymakers to consider what revenue resources should be used to fill budget gaps. Tax policy experts have proposed wealth taxes, (global) corporate minimum taxes, excess profits taxes, and digital taxes as opportunities for governments to raise new revenues.
Decades in Corporate Taxation July 8, 2020 Corporate taxation has evolved significantly, with rates coming down significantly over the last several decades. Countries have redesigned their tax bases by changing the treatment of losses, interest, and capital costs. A recent OECD report highlights the general stabilization of corporate tax revenues and statutory rates alongside major changes to address profit-shifting opportunities.
A Blow to Pillar 1 June 17, 2020 The U.S. has called for a pause in global digital tax negotiations, dealing a blow to Pillar 1 of the OECD's international tax project. What happens next could be very harmful for the global economy.
The U.S. Trade Representative Expands Its Digital Services Tax Investigations June 2, 2020 The U.S. Trade Representative (USTR) expanded its digital service tax investigations, announcing Section 301 investigations into digital tax policies in nine countries and the European Union. The announcement follows an investigation of the French digital services tax that was completed in 2019, after which the USTR threatened significant #tariffs in retaliation against France.
Digital Taxation Around the World May 27, 2020 The digitalization of the economy has been a key focus of tax debates in recent years. Our new report reviews digital tax policies around the world with a focus on OECD countries, explores the various flaws and benefits associated with the wide set of proposals, and provides recommendations for lawmakers to consider.
Digital Services Taxes: Do They Comply with International Tax, Trade, and EU Law? May 26, 2020 A digital services tax like the one implemented by France likely violates both the General Agreement on Trade in Services and a model U.S. free trade agreement. However, it is uncertain whether meaningful relief could be obtained under either regime.
Chaos to the Left of Me. Chaos to the Right of me. May 5, 2020 The OECD recently announced that the negotiation timeline for new digital tax proposals has now been pushed back to October due to the COVID-19 pandemic, although the end-of-year deadline for the overall project is still in place.
Is Now the Time for a $100 billion Tax Increase? April 13, 2020 Seemingly unconcerned about how the digital project could impact the economy at this crisis moment, officials at the OECD recently released a statement boasting that they are continuing to work “full steam” on their global digital tax project.
Tax Foundation Response to OECD Public Consultation Document: Global Anti-Base Erosion Proposal (“GloBE”) (Pillar Two) December 2, 2019
The OECD’s Pillar 2 Proposal Raises Serious Questions November 8, 2019 Addressing tax avoidance is a key political issue for many countries, but these policies should not be discussed without accounting for the size of the current problem, how recent policy changes have addressed it, and what potential impacts might come from this new approach.
Response to OECD Public Consultation Document: Secretariat Proposal for a “Unified Approach” under Pillar One November 11, 2019
The Challenges of Consensus in the Digital Economy on the International Tax Treaty System June 25, 2019
How Controlled Foreign Corporation Rules Look Around the World: United States of America June 24, 2019
Initial Thoughts on the OECD’s Inclusive Framework “Work Plan” to Resolve the Taxation of the Digital Economy May 31, 2019
Tax Foundation Response to OECD Public Consultation Document: Reports on the Pillar One and Pillar Two Blueprints December 14, 2020 The Tax Foundation response to the OECD public consultation document on the reports on the OECD Pillar 1 and OECD Pillar 2 blueprints.
Tax Foundation Response to OECD Public Consultation Document: Global Anti-Base Erosion Proposal (“GloBE”) (Pillar Two) December 2, 2019
Response to OECD Public Consultation Document: Secretariat Proposal for a “Unified Approach” under Pillar One November 11, 2019
Tax Foundation Response to OECD Public Consultation Document: Addressing the Tax Challenges of the Digitalization of the Economy March 4, 2019
CFC Rules in Europe August 20, 2020 To prevent businesses from minimizing their tax liability by taking advantage of cross-country differences in taxation, countries have implemented various anti-tax avoidance measures, one known as Controlled Foreign Corporation (CFC) rules.
How Controlled Foreign Corporation Rules Look Around the World: United States of America June 24, 2019
Thin-Cap Rules in Europe August 27, 2020 To discourage a certain form of international debt shifting, many countries have implemented so-called thin-capitalization rules (thin-cap rules), which limit the amount of interest a multinational business can deduct for tax purposes.
Making Sense of Profit Shifting: Kenneth Klassen June 24, 2015 Kenneth Klassen is the Deloitte Professor and Director of the Waterloo Centre for Taxation in a Global Economy at the University of Waterloo.
Making Sense of Profit Shifting: Victoria Perry June 22, 2015 Victoria Perry is Assistant Director in the Fiscal Affairs Department and Division Chief of the Tax Policy Division at the International Monetary Fund.
Making Sense of Profit Shifting: Pascal Saint-Amans May 22, 2015 Pascal Saint-Amans is Director of the OECD’s Centre for Tax Policy and Administration (CPTA).
Making Sense of Profit Shifting: Dhammika Dharmapala May 14, 2015 Dhammika Dharmapala is a Professor of Law at the University of Chicago Law School.
Making Sense of Profit Shifting: Kimberly Clausing May 12, 2015 Kimberly Clausing is the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College.
