The Origins of Global Tax Principles: A Review
Keywords:
Global Taxes, multinational corporations, economy, tax arbitrageAbstract
The global economy of the twenty-first century is fully integrated marketing in addition to being more complex and dynamic. Due to the quick flow of resources from one nation to another—no country has enough resources to generate all the commodities and services it needs—national economies have gotten closer and are now almost borderless. Both commodities and services are transported across borders at the same time. To say that we live in a "global village" is not an exaggeration. The ideas of cross-border business, multinational corporations (MNCs), and non-residents have grown in acceptance and practical utility. Since there are significant effects on both taxations directly and indirectly from this free flow of commodities, services, and capital, the term "Global Taxes" has become popular. Public international law includes international taxation in its scope. The phrase "International Taxation" is not a well-defined notion. To define the phrase, nevertheless, there have been attempts. International taxation, according to Kevin Holmes, is "the set of legislative provisions of various countries that handles the tax elements of cross-border transactions." Both direct and indirect taxes are addressed. It is, thus, a collection of information relevant to the international elements of tax legislation and international tax treaties.
References
Slemrod J. Tax principles in an international economy. World Tax Reform: Case Studies of Developed and Developing Countries. 1990:11-24.
Mazzoni G. Present at the Creation: Archival Research and Evidence on the Origins of the Single Tax Principle. Intertax. 2019 Oct 1;47(10).
Kotsogiannis C, Lopez-Garcia MA, Myles GD. The origin principle, tax harmonization and public goods. Economics Letters. 2005 May 1;87(2):211-9.
Radu ME. International double taxation. Procedia-Social and Behavioral Sciences. 2012 Oct 24;62:403-7.
Irish CR. International double taxation agreements and income taxation at source. International & Comparative Law Quarterly. 1974 Apr;23(2):292-316.
Raad KV. Nondiscrimination in international tax law. Nondiscrimination in International Tax Law. 1997:1-312.
Organisation for Economic Co-operation and Development (OECD). (2017). Base Erosion and Profit Shifting (BEPS). Paris: OECD Publishing.
Guttentag, J. (2015). International taxation: U.S. tax policy and treaty negotiations. Tax Law Review, 68(1), 1-40.
Altshuler, A., & Grubert, H. (2017). US Transfer Pricing: The basics and beyond. Oxford University Press.
Köhler, M. (2015). The principle of taxation in international double tax treaties. In International Taxation and Multinational Activity (pp. 11-33). Springer.
