Tax Coordination Can Lead to a Fairer, Greener Global Economy by Vitor Gaspar, Shafik Hebous, Paolo Mauro publicado por IMFBlog (4/2022).
“Technology, globalization, and global warming have changed the world, and taxation must keep pace. With a mouse click, individuals can move money across borders and corporations can transact with their affiliates across global supply chains. Production depends on intangible know-how assets that can be located anywhere. Employers and their employees can work in different countries. As income and factors of production become more mobile, and with climate change threatening our planet, countries face tax challenges that know no national borders.
Tax evasion and avoidance cause the loss of revenue that could have financed social spending or infrastructure investments. They also exacerbate inequality and perceptions of unfairness. Self-serving national policies of one country can affect others in damaging ways. If each sets its own tax policy without regard for the adverse effects elsewhere, all countries can end up worse off.
Our new Fiscal Monitor shows how better international coordination in three areas—taxing large corporations, sharing information on offshore holdings, and enacting fair carbon pricing—can benefit everyone…”