The role of taxation featured prominently at this year’s World Economic Forum’s annual meeting at Davos. Tax policy was discussed in relation to building sustainable environments and economies, but there was also discussion on the cohesion and sustainability of the tax system itself, covering digital taxes, tax competition and responsible tax behaviours. The distribution of taxing rights, especially between developed and developing economies, is currently under much debate. The OECD is doing a good job of trying to reach consensus on this issue, but ‘BEPS 2’ may not be the end of the matter. More generally, responsible tax behaviour must be accepted and implemented by all players – taxpayers, advisers, tax authorities and commentators – if we want to have a cohesive and sustainable tax system that works for all.
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The role of taxation featured prominently at this year’s World Economic Forum’s annual meeting at Davos. Tax policy was discussed in relation to building sustainable environments and economies, but there was also discussion on the cohesion and sustainability of the tax system itself, covering digital taxes, tax competition and responsible tax behaviours. The distribution of taxing rights, especially between developed and developing economies, is currently under much debate. The OECD is doing a good job of trying to reach consensus on this issue, but ‘BEPS 2’ may not be the end of the matter. More generally, responsible tax behaviour must be accepted and implemented by all players – taxpayers, advisers, tax authorities and commentators – if we want to have a cohesive and sustainable tax system that works for all.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
