Contributor: Peter Dietsch

Is the OECD/G20 International Corporate Tax Reform Fair?

| 26 November 2021
Fiscal, Blog | Tags: Corporate Tax, Developing Countries, Minimum Tax Rate, Tax Competition
On October 8th, the Organisation for Economic Co-operation and Development (OECD) announced that 136 countries have adopted its two-pillar proposal to reform the taxation of multinational enterprises (MNEs). Pillar One applies to MNEs with sales in excess of $20bn and profits over 10%. It shifts the ... continue reading

Get My Tax Base if You Can

| 25 June 2021
Fiscal, Blog | Tags: Developing Countries, Minimum Tax Rate, Tax Competition
The headlines from the G7 summit in Cornwall might suggest that the groundwork has just been laid for the most fundamental overhaul of the international tax regime in decades. The twin proposal accords additional taxing rights to states with large consumer markets and introduces a ... continue reading

Legitimacy Challenges to Central Banks: Sketching a Way Forward

| 19 January 2020
Monetary, Discussion Notes | Tags: Central Banks, Governing Finance
Delegation to independent agencies (IAs) can reap real benefits for policy making. In the case of monetary policy, it shores up the credibility of the central bank. However, it is generally accepted that the discretion of IAs needs to be constrained to ensure their legitimacy. This ... continue reading

Central Banking and Inequality – Taking Off the Blinders

, and | 16 June 2016
Monetary, Blog | Tags: Central Banks, Ethics, Inequality
Since the financial crisis, the relative importance of monetary policy in the toolbox of macroeconomic policies has increased. In parallel, we have seen a renewed social and political concern with rising inequalities in income and wealth. However, the two trends are rarely connected.[1] Despite studies ... continue reading

The Case for an International Tax Organisation

and | 19 March 2013
Fiscal, Blog | Tags: Tax Competition, Taxes
Capital mobility entails fiscal interdependence. Since the abolition of capital controls in the 1960s and 1970s, and following the widespread abolition of withholding taxes in the wake of the first move in this direction by the Reagan administration in 1984, fiscal interdependence has turned from ... continue reading