Open AccessInternational Tax, the G 20 and the A sia P acific: From Competition to Cooperation?
Author(s) -
Stewart Miranda
Publication year - 2014
Publication title -
asia and the pacific policy studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.529
H-Index - 14
ISSN - 2050-2680
DOI - 10.1002/app5.42
Subject(s) - tax competition , competition (biology) , tax revenue , capital (architecture) , international trade , business , economics , international taxation , public economics , tax reform , biology , geography , ecology , archaeology
Nation states in the A sia P acific need to increase tax revenues but face many challenges. This article discusses the challenge of taxation in an age of capital mobility and tax competition. It then considers two opportunities that have recently been championed by the G 20, which could enable governments to strengthen national tax systems by international cooperation. The first opportunity is the establishment of transnational tax administrative cooperation. The second opportunity is the potential for countries to develop a new multilateral framework for sharing the international capital tax base, which may arise under auspices of the O rganisation for E conomic C o‐operation and D evelopment B ase E rosion and P rofit S hifting project. As C hair of the G 20 in 2014, A ustralia has a key leadership role to play in supporting countries in the region to grasp these opportunities.