In the wake of the 2008 global financial, turned economic, crisis, the Group of 20 (G20) nations took up a macroeconomic agenda and, as the world economy stabilized, they initiated a development agenda. Subsequent to the appearance of the development agenda, the G20 took up a taxation agenda while responding to the Organisation of Economic Cooperation and Development (OECD)’s proposal, in effect, to carry out the task.
This book focuses on the G20’s taxation agenda. It addresses international taxation issues arising from the recommendations of the Base Erosion and Profit Shifting project carried out by the Organisation of Economic Cooperation and Development (OECD) at the behest of the G20.
The volume comprises chapters authored by tax economist academicians as well as practitioners—barristers, accounting professionals, tax administrators and practicing policy economists
- Addressing international taxation issues arising from the recommendations of the Base Erosion and Profit Shifting project carried out by OECD,
- Evolution of International Taxation & Emergence of BEPS,
- Short review of the econometric literature pertaining to advanced and developing economies as well as India,
- Critical Analysis of cross border taxation and regulation issues,
- Study of Firm behaviour by separating profit shifting from tax contribution – examining impact of tax differentials on firm behaviour, gross fixed assets (GFA) and borrowing levels on firm revenue & also effect of firm revenue on corporate tax contribution,
- Analysing the need of Alternative Mechanism – Mutual Agreement Procedure (MAP) to make dispute resolution effective,
- Perusing features of domestic law giving rise to specific issues (when MAP provisions in (DTAAs) or, tax treaties counter domestic law) – addressing prevailing concerns that are likely to be obstacles in the implementation of BEPS recommendations,
- Highlighting BEPS proposals on MNE Transfer Pricing documentation and country by country (CbC) reporting requirements,
- Discussion on issues pertaining to domestic law and bilateral treaties – elucidating with examples of multilateralism in international relations, including international commerce where the agreed standards of conduct are stipulated to be uniform, consistent and transparent,
- Role of multilateralism in amending bilateral treaties as well as its feasibility from an Indian perspective,
- Impact of BEPS Actions on Indirect Taxes – focuses on challenging issues and insisting upon the need for exchange of information and mandatory disclosure for indirect tax as well under the BEPS project’s umbrella,
- Brief commentary on each BEPS Action and its relevance in India.