Abstract
This chapter proposes a broad range of strategies and measures for global tax cooperation in order to finance public goods and services in a sufficient and just manner. Public property, including taxes, should not be protected less than private property. For this purpose, all incomes should be reported to the fiscal authorities compulsorily and automatically. Financial assets should be included in a global register similar to real estate assets. Cross-border movement of capital should only be free in the case of full cooperation in tax policy between countries. This would end the existence of tax havens—inside and outside the US and the EU. Finally, a set of measures is proposed regarding how corporations can be properly taxed: They have to publicly report where they carry out which kind of operation and pay what amount of taxes. Then, they are taxed globally according to their real activities. If tax rates differ from country to country, the imputation method in bilateral tax cooperation treaties could remedy tax competition and avoidance.
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Neue Zürcher Zeitung, 22 October 2013.
- 2.
Figures stem from Senators John McCain und Carl Levin, cited in Financial Times, 15 October 2013.
- 3.
Research by Attac Deutschland: www.attac.de/?id=9546
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Handelszeitung, 16 July 2013.
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New York Times, 14 August 2011.
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Including “wealth tax (Reichensteuer)” and solidarity supplement.
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I developed a more exact argumentation as a reaction to my unthoughtful nomination for the “Big Brother Award”: Felber (2010).
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International Monetary Fund, Articles of Agreement, Article VI, Section 3.
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Protocol No 4 “on the statute of the European system of central banks and of the European central bank,” of the treaty on European Union and of the Treaty on the functioning of the European Union.
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Corporate tax and commercial tax.
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KPMG: corporate and indirect tax rate survey 2007 and 2009.
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Most of the constitutions of democratic states “justice” as a constitutional value; Competition or competitiveness are according to my knowledge not considered a value in any constitution.
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- 16.
Opinion in Der Standard, 25 October 2013.
References
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World Customs Organisation (2016): Annual Report 2015 – 2016, Brussels, 13th July 2016.
Zucman, Gabriel. 2014. Taxing across borders: Tracking personal wealth and corporate profits towards unitary taxation of transnational corporations. Journal of Economic Perspectives 28(4): 121–48.
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Felber, C. (2017). Global Tax Cooperation. In: Money - The New Rules of the Game . Springer, Cham. https://doi.org/10.1007/978-3-319-67352-3_14
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DOI: https://doi.org/10.1007/978-3-319-67352-3_14
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