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SSRN Electronic Journal
Article . 2023 . Peer-reviewed
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Global Tax Reform and Mythical International Law

Authors: Diniz Magalhães, Tarcísio; Christians, Allison;

Global Tax Reform and Mythical International Law

Abstract

Abstract: Over the past several years, governments around the world have been debating how to design coordinated minimum taxes on large multinationals in a bid to end race-to-the-bottom global tax competition. The plans so far have been complex and intricate, but in virtually all respects the evolution of ideas has followed well-worn practices and approaches in tax and corporate law. Nevertheless, outspoken critics have emerged with arguments against change that are grounded in abstract and often ill-defined international law concepts—effectively, a mythology of general and/or customary norms meant to forestall forward momentum and cast doubt on the fundamental workability of global tax reform as it has been collaboratively developed to date. This Article examines the myths of international tax law and demonstrates that each purported impediment is either conceptually under-theorized or exaggerated in legal impact or both. While noting that the minimum tax initiative as it has progressed is flawed, the Article argues that the mythical international law norms offered by critics do nothing toward achieving improvements but only seek to undermine the underlying goals of the initiative as a whole. To the extent curbing base erosion and profit shifting by the largest corporations would bring about a more stable and mutually acceptable world order, the use of mythological international law to forestall reform should be abandoned in favor of cooperative problem-solving.

Country
Belgium
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Keywords

Law

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
Green
Fields of Science
Fields of Science
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