By Richard Eccleston
The monetary problem that engulfed worldwide markets in 2008 created an acute desire for enhanced overseas financial cooperation. regardless of the G20 s well known coordination position, the regulatory reaction to the quandary has assorted significantly throughout governance arenas. This e-book specializes in foreign taxation and examines how the monetary drawback caused renewed makes an attempt to reinforce foreign tax transparency and confront tax havens. It highlights the complexity of overseas regime swap and the importance of nationwide and monetary pursuits, overseas companies, family politics and the rising G20 leaders discussion board during this process.
This well timed e-book highlights the demanding situations in post-financial obstacle international financial governance, info that would strongly attract students and graduate scholars within the fields of political technology, foreign political economic system, international governance, overseas taxation and legislations. Stakeholders within the foreign tax regime together with diplomats and tax directors, foreign enterprises, NGO and company representatives also will locate lots of enriching details during this examine.
Read Online or Download The Dynamics of Global Economic Governance: The Financial Crisis, the OECD, and the Politics of International Tax Cooperation PDF
Best economic policy books
The Strange Non-death of Neo-liberalism
Winner of the Friedrich Ebert Stiftung prize
The monetary drawback appeared to current a primary problem to neo-liberalism, the physique of principles that experience constituted the political orthodoxy of such a lot complicated economies in contemporary a long time. Colin Crouch argues during this publication that it'll shrug off this problem. the reason being that whereas neo-liberalism appears to be like approximately loose markets, in perform it truly is excited by the dominance over public lifetime of the large company. This has been intensified, now not checked, through the new monetary predicament and attractiveness that definite monetary firms are ‘too gigantic to fail'. even though a lot political debate is still preoccupied with conflicts among the marketplace and the kingdom, the impression of the company on either those is this day way more important.
Several components have introduced us to this situation:
• most manifestly, the lobbying energy of enterprises whose donations are of starting to be significance to cash-hungry politicians and parties;
• The weakening of aggressive forces by way of agencies sufficiently big to form and dominate their markets;
• the ability over public coverage exercised by way of organizations having fun with detailed relationships with govt as they agreement to bring public services;
• the ethical initiative that's grasped via companies that devise their very own agendas of company social responsibility.
Both democratic politics and the unfastened marketplace are weakened by means of those strategies, yet they're principally inevitable and never continuously malign. wish for the longer term, for that reason, can't lie in suppressing them with a view to reach both an economic system of natural markets or a socialist society. fairly it lies in dragging the enormous company totally into political controversy. right here a key position is performed by way of the small, cash-strapped campaigning teams who, with worthy little aid from tested events, search to accomplish company social accountability.
Global Institutions and Development: Framing the World?
This booklet examines the suggestions that experience powerfully prompted improvement coverage and extra generally seems on the position of rules in foreign improvement associations and the way they've got affected present improvement discourse. The authors learn why a few rules are taken up by means of those associations, how the tips trip in the platforms and the way they're translated into coverage, transformed, distorted or resisted.
On Studying Organizational Cultures: Diagnosis and Understanding
E-book by means of Schultz, Majken
- Doing Business -- An Independent Evaluation: Taking the Measure of the World Bank-IFC Doing Business Indicators (Independent Evaluation Group Studies)
- The Economics of Inequality
- Information Technology Policy: An International History
- Pakistan - Manifest Destiny
Extra resources for The Dynamics of Global Economic Governance: The Financial Crisis, the OECD, and the Politics of International Tax Cooperation
Sample text
The sovereigntypreserving nature of international taxation combined with the extent to which it impacts on financial interests provides strong incentives for international regulatory competition in relation to tax matters. At the same time, the magnitude of the financial costs of regulatory arbitrage and the growing threat that international tax evasion poses to national tax systems provide strong incentives to create an international tax regime that will establish a robust foundation for international tax cooperation.
Not only does this have the potential to create distributional conflicts between states, but many public finance economists argue that this exploitation of low-tax secrecy jurisdictions has a negative net impact on economic welfare (Tanzi 1995; OECD 1998). Wealthy private clients have made extensive use of bank secrecy provisions in Switzerland, Luxembourg, the Channel Islands and the Bahamas since the 1930s, but it was not until the 1960s that ‘offshore banking’ became a pervasive investment strategy (Picciotto 1992, ch.
The potential tax advantages of establishing a corporate subsidiary in a low-tax offshore jurisdiction are greatly enhanced by the tax treatment of consolidated companies (Stewart 2005). For the purposes of financial reporting most MNCs report one set of consolidated accounts, which gives the impression of being one multinational entity (Palan et al. 2010, 84). Legally and for taxation purposes the vast majority of MNCs actually consist of a complex web of subsidiary and holding companies domiciled across a vast array of countries.