Advertisement

International Tax and Public Finance

, Volume 25, Issue 6, pp 1434–1448 | Cite as

Inclusive fiscal reform: ensuring fairness and transparency in the international tax system

  • David Bradbury
  • Pierce O’Reilly
Article
  • 208 Downloads

Abstract

In recent years, international taxation has received significant public and scholarly attention, and has been high on the international policy agenda. In this context, the work of the Organisation for Economic Cooperation and Development (OECD) has been central in reforming the international tax system. This paper is based on the keynote address delivered to the 2017 International Institute of Public Finance Annual Congress on 18 August 2017 in Tokyo by David Bradbury of the OECD, and highlights the OECD’s global tax agenda and how it can advance inclusive fiscal reform. The paper covers three major areas of the OECD’s work. First, it reviews the advances made by the OECD/G20 Base Erosion and Profit Shifting project to reduce BEPS, and the ongoing work to address the tax challenges of digitalisation. Second, it reviews the initiatives involving the exchange of taxpayer information, and the development of new standards on Automatic Exchange of Information and Exchange of Information on Request by the OECD. Finally, the paper considers how these international initiatives provide policymakers with more domestic tax policy options and recommendations on how tax systems can be better designed to achieve inclusive growth.

Keywords

Tax Tax policy International taxation BEPS Base erosion and profit shifting Exchange of information Exchange of information on request Automatic exchange of information OECD Global Forum on transparency and exchange of information for tax purposes Inclusive growth 

JEL Classification

H20 H24 H25 H26 D31 L25 

Notes

Acknowledgement

We gratefully acknowledge input and comments of Anzhela Cedhelle, Eric Robert, Bert Brys, Giorgia Maffini, Anna Milanez, Bethany Millar-Powell, Alastair Thomas, and delegates from Working Party No. 2 of the Committee on Fiscal Affairs.

References

  1. Alstadsaeter, A., Johannesen, N., & Zucman, G. (2017). Who owns the wealth in tax havens? Macro evidence and implications for global inequality. NBER Working Paper 23805. http://www.nber.org/papers/w23805.
  2. Brys, B. et al. (2016). Tax design for inclusive economic growth. OECD Taxation Working Papers, No. 26. OECD Publishing, Paris.  https://doi.org/10.1787/5jlv74ggk0g7-en.
  3. Kopczuk, W. (2005). Tax bases, tax rates and the elasticity of reported income. Journal of Public Economics, 89(11-12), 2093–2119.  https://doi.org/10.1016/j.jpubeco.2004.12.005.CrossRefGoogle Scholar
  4. Luttmer, E. F., & Singhal, M. (2014). Tax morale. Journal of Economic Perspectives, 28(4), 149–168.CrossRefGoogle Scholar
  5. Mirrlees et. al. (eds.) (2011). Tax By Design: The Mirrlees review. Oxford University Press.Google Scholar
  6. OECD. (2013). Addressing base erosion and profit shifting. Paris: OECD Publishing.  https://doi.org/10.1787/9789264192744-en.CrossRefGoogle Scholar
  7. OECD. (2017), A fiscal approach for inclusive growth in G7 Countries, Paris, OECD Publishing. http://www.oecd.org/tax/tax-policy/a-fiscal-approach-for-inclusive-growth-in-g7-countries.pdf.
  8. OECD. (2018a). The tax challenges arising from digitalisation—2018 interim report delivered to the G20 Finance Ministers, inclusive framework on BEPS, OECD/G20 base erosion and profit shifting project. Paris: OECD Publishing.  https://doi.org/10.1787/9789264293083-en.CrossRefGoogle Scholar
  9. OECD. (2018b). Taxation of household savings, OECD Tax Policy Studies, No. 25, OECD Publishing, Paris. http://dx.doi.org/10.1787/9789264289536-en.
  10. Pellegrini, V., Sanelli, A., & Tosti, E. (2016). What do external statistics tell us about undeclared assets held abroad and tax evasion? Bank of Italy Occasional Papers No. 367, pp. 1–53.Google Scholar
  11. Slemrod, J., & Gillitzer, C. (2014). Insights from a tax-systems perspective. CESifo Economic Studies, 60, 1–31.CrossRefGoogle Scholar
  12. Slemrod, J. B., & Robinson, L. A. (2010). Understanding Multidimensional tax systems. Tuck School of Business Working Paper No. 2010-81.Google Scholar
  13. Zucman, G. (2013). The missing wealth of nations: Are Europe and the U.S. net debtors or net creditors? The Quarterly Journal of Economics, 128(3), 1321–1364.  https://doi.org/10.1093/qje/qjt012.CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Centre for Tax Policy and AdministrationOrganisation for Economic Cooperation and DevelopmentParisFrance

Personalised recommendations