TaxProf Blog

Tuesday, August 3, 2021

International Tax Law Between Loyalty, Exit, And Voice

Tarcisio Diniz Magalhaes (Antwerp), International Tax Law Between Loyalty, Exit, and Voice, 44 Dalhousie L.J. 49 (2021):

Discourse on the deserves and pitfalls of multilateral cooperation for advancing justice in worldwide tax regulation have not too long ago re-emerged in the literature. Some tax students, even whereas criticizing international tasks like the OECD/G20 initiatives on base erosion, revenue shifting and the tax challenges arising from the digitalisation of the economic system, insist that cooperative efforts herald a step in the proper path. Others contest the feasibility of worldwide cooperation or its worth for growing nations.

Drawing on Albert Hirschman’s oft-cited framework for actor behaviour beneath institutional malperformance, this text exhibits that there are three alternate options for these discontented with the establishment: to stay loyal regardless of disagreeing (cooperation); exit and maybe kind a competing regime (competitors); or attempt to change the current guidelines by talking up (un-cooperation). The article concludes that the interplay of those choices (contested cooperation) is an integral a part of in the present day’s transnational tax regulation order.

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