SouthViews No. 230, 25 November 2021
The Place of Multilateralism in Tax Reforms: Exclusionary Outcomes of a Purported Inclusive Framework
By Alexander Ezenagu
Countries have come to accept the wide application of international tax rules in both their domestic and international tax affairs. However, where international tax rules fall short of the legitimate expectations of countries and fail to provide necessary guidance, countries may be compelled to seek other sources of guidance. In this paper, it is argued that in the absence and failure of international tax rules to provide adequate guidance and encourage a fair tax system, countries should not be prohibited from exercising their fiscal sovereignty.
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This article was tagged: African Continental Free Trade Area (AfCFTA), African Union (AU), Base Erosion and Profit Shifting Project (BEPS), Corporate Tax, Digital Economy, Digital Taxation, Double Taxation, Fiscal Sovereignty, Group of 20 (G-20), Inclusive Framework, International Tax Cooperation, International Taxation, Multilateralism, Multinational Enterprises (MNEs), Nigeria, OECD Model Tax Convention, Organisation for Economic Co-operation and Development (OECD), Tax, Tax Avoidance, Tax Competition, Tax Cooperation, Tax Cooperation Policy Briefs, Tax Evasion, Tax Law, Tax Planning, Tax Policy, Tax Reform, Tax Treaties, Taxing Rights, Two Pillar Solution, UN Model Tax Convention, United Nations (UN)