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Developing a World Tax Organization: The Way Forward

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... In the rare instance your project/thesis may be selected as being suitable to be published as a book[2], this is a wonderful endorsement for your work. I was fortunate to have my doctorate published in the form of a revised and updated monograph by Fiscal Publications in the UK (Sawyer, 2009), but this is but one possible way to disseminate your research. In other situations, you may have been able to publish as you go and already have exposed your research and published from your thesis. ...
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Purpose – The purpose of this paper is to offer strategies that can enhance the likelihood of successfully developing an idea through to publication in a high-quality journal. The paper also seeks to demystify what lies behind the editorial and review processes that form part of that journey. Design/methodology/approach – This paper is based on the author’s 20+ years’ experience as a journal editor, editorial board member, ad hoc reviewer and author. Findings – Successfully publishing in high-quality journals is a combination of a well-developed idea, meticulous planning and execution of the research, a thorough review of the target journal’s scope and expectations, attention to detail in drafting the paper and reasoned and reflective responses to guidance and recommendations from editors and referees, supplemented by some good fortune and natural talent. Practical implications – This paper is intended primarily to be a resource that demystifies what lies behind the process for researchers seeking to develop their profile as an author of high-quality papers in high-quality peer-reviewed journals with a focus on the discipline of taxation. In this regard its primary intended audience is thesis students and those relatively new to academia. Originality/value – Existing contributions to the literature concerning the publication process are numerous, but few studies offer a succinct summary for new and emerging researchers in mind, especially those undertaking taxation research.
Chapter
This chapter first analyzes the objects and purposes of the two systems and the objectives of the WTO’s subsidy rules and EU State aid law. It subsequently develops a benchmark based on the common objects and purposes of the two legal regimes with respect to the efficiency and equity considerations established in the previous chapter. Afterwards, it introduces the WTO subsidy rules and EU State aid law respectively and compares the two legal systems to discover similarities and differences under their common objectives. The common benchmark and the introduction to the rules of the two systems are the basis for testing the compatibility of Chinese tax incentives in the following chapters.
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Will actions to stop tax haven abuse, like the US proposing the Stop Tax Haven Abuse Act since 2007, and recently pressure on the Swiss Banks (including in their territories) to force them to surrender, and enforcing US financial institutions overseas to disclose all US citizens' banking transactions, reduce tax haven abuse? Or will it treat all those tax avoiders through reforming domestic taxing regimes on offshore income so as to encourage repatriation of income from offshore? Confucius warns that "tyranny is fiercer than a tiger" and argues against collecting heavy taxes from people. Gupta reports that "Hong Kong investment in New Zealand …a large proportion of this investment is from other countries using Hong Kong as a base-possibly as a tax avoidance measure. Hong Kong investment internationally-both outwards and inwards-is heavily dominated by tax havens". 2 As part of my PhD research, I have interviewed two chairs of publicly-listed companies in Hong Kong and a tax barrister specializing in international tax planning and tax haven structures. They all agreed that tax haven activities could not be stopped and would continue to flourish despite all the international initiatives against them. They revealed their concerns over these inequitable taxing regimes on offshore income as compared to onshore income.
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An increasing number of multi-national enterprises have arranged their corporate structures in a way which sharply reduces or completely eliminates their tax liabilities, both at home and abroad. This practice, referred to as base erosion and profit shifting (BEPS), has become a pertinent feature in the international tax domain. In response to this growing problem the Organisation for Economic Cooperative Development released an Action Plan in July 2013. In the coming years, BEPS is likely to remain high on political agendas around the world and it is expected that many countries will implement the OECD’s Action Plan recommendations and introduce or enhance their own general anti-avoidance legislation as a strategy to counter BEPS. This paper specifically examines the recent amendments to the Australian general anti-avoidance rule and the recently introduced British general anti-abuse rule in 2013 with regard to the definition of ‘tax benefit/advantage’. An analysis of tax benefit/advantage concept within the respective anti-avoidance rules is compared and contrasted to the wide definition of tax benefit stipulated in Action Item 12 of the OECD Action Plan. The likely consequences and some policy implications for tackling BEPS and tax avoidance generally are canvassed.
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Monterrey Consensus (MC) inspired hope that some progress would be made in international financing for development (IFfD). However, at the beginning of a new decade, private capital flows continue to exhibit their defining characteristics (scarcity, spatial concentration, volatility and reversibility), the debt problem continues to limit the development prospects of many less developed countries and Official Development Assistance has remained as the insufficient final element of the whole system. Moreover, the consequences of global financial and economic crisis highlight the need for reforming the current financing system and the need to redesign key aspects of the international financialisation process. Hence, a systemic (holistic) approach to IFfD is required. This article analyses the recent evolution and current status of IFfD, examines the relationship between the current model and international financialisation, and proposes a set of measures intended to remove the bottlenecks that currently are found in both processes; most of these converge on the need for a World Tax and Financial Organisation. Le Consensus de Monterrey a suscité l’espoir que des progrès seraient réalisés dans le financement international du développement. Pourtant, en ce début de décennie, les flux de capitaux privés continuent de présenter les mêmes caractéristiques (rareté, concentration spatiale, volatilité et réversibilité), le problème de la dette limite toujours les perspectives de développement d’un grand nombre de PMA, et l’APD reste le dernier élément faible de l’ensemble du système. En outre, les conséquences de la crise financière et économique mondiale mettent en exergue la nécessité de réformer le système financier actuel et de remanier certaines dimensions-clés du processus global de financiarisation. Ainsi, une approche systémique (et holistique) du financement international du développement est requise. Cet article analyse l’évolution récente et l’état actuel du financement international du développement, examine le lien entre le modèle actuel de ce financement et la financiarisation internationale, et propose un ensemble de mesures destinées à éliminer les goulets d’étranglement qui aujourd’hui entravent les deux processus ; la plupart de ces mesures appellent à la création d’une Organisation Fiscale et Financière Internationale.
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The internationalization of business activity has created significant pressures on national corporate income tax systems throughout the world. Rather than abandon the corporate income tax field, it is predicted that governments will develop international arrangements that will further globalize the corporate income tax. This paper assesses the merits and limitations of methods used to allocate corporate income to jurisdictions according to formulas measuring business activity. It argues that such methods are already being used as part of transfer pricing regimes and are likely to be enhanced over time.