“Europeans want to tax Google in Europe, but they don’t want China to tax Louis Vuitton in China.”
Rolling leaks documenting aggressive practices of personal and corporate tax evasion and optimisation, combined with the global financial crisis, has prompted states to get serious about stepping up international coordination in taxation matters. Great progress has been made in tackling base erosion and profit shifting measures; but it is the underlying philosophy of taxation itself that is being redefined in debates within the OECD in order to properly capture an increasingly globalised and digitalised economy.
This analysis results from the seminar on the ‘Taxation Governance in Global Markets: Challenges, Risks and Opportunities’, organised with the EUI’s Florence School of Banking and Finance and the OECD in Paris.
A Big Leap Forward: Institutions and Policies for a Viable Euro Area
EMU reform is crucial for a viable Euro area, but is taking place against a backdrop of political constraints. What are the critical reforms and institutional issues still in place?
George Papaconstantinou and Jean Pisani-Ferry
Financial globalisation has increased states’ need for a safety net to prevent financial crises from spinning out of control. Since the crisis, the system of safety nets has been reformed, but also made more fragmented. The last seminar, jointly organised with HM Treasury and the London School of Economics, examined its components, coherence, and its potential resilience.
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