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Tax avoidance reduces government revenue, so governments with a stricter anti-avoidance stance seek to prevent tax avoidance or keep it within limits. The obvious way to do this is to frame tax rules so that there is a smaller scope for avoidance.
Post–2010 research on tax havens is focused on quantitative analysis (which can be ranked), and tends to ignore very small tax havens where data is limited as the haven is used for individual tax avoidance rather than corporate tax avoidance. The last credible broad unranked list of global tax havens is the James Hines 2010 list of 52 tax havens.
To gain membership, non-OECD/G20 countries must commit to the BEPS package, a plan to "equip government with domestic and international instruments to address tax avoidance, ensuring that profits are taxed where economic activities generating the profits are performed and where value is created."
Harmful Tax Competition: An Emerging Global Issue is a report issued by the Organisation for Economic Co-operation and Development's Centre for Tax Policy and Administration. In the report, the OECD groups countries into three categories: member country preferential regimes, tax havens , and non-member economies, and establishes criteria for ...
How can governments keep multinational companies from avoiding taxes by shifting their profits to low-tax countries? For nearly a decade, nations have grappled with that question, seeking to deter ...
The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, sometime abbreviated BEPS multilateral instrument, is a multilateral convention of the Organisation for Economic Co-operation and Development to combat tax avoidance by multinational enterprises (MNEs) through prevention of Base Erosion and Profit Shifting (BEPS).
A tax treaty, also called double tax agreement (DTA) or double tax avoidance agreement (DTAA), is an agreement between two countries to avoid or mitigate double taxation. [1] Such treaties may cover a range of taxes including income taxes , inheritance taxes , value added taxes , or other taxes. [ 2 ]
Yellen told Reuters on the sidelines of a Group of 20 finance leaders' meeting in Brazil that she believes the OECD, which has shepherded negotiations over a two-part corporate tax deal for t