Would a destination-based system for global corp taxation be good bad or indifferent for developing countries, cf. revenue? https://www.ft.com/content/da12b2fa-25e7-11e8-b27e-cc62a39d57a0 … @owenbarder @MForstater
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That's the crucial question. The
@icrict commissioners heard no evidence that the expected systematic disadvantage to lower-income countries wouldn't follow. The good folks@OxfordTax have talked for a few years of such evidence but nothing public AFAIK. https://www.icrict.com/icrict-documents-a-fairer-future-for-global-taxation …pic.twitter.com/uxxAspUtvG
Agree not much analysis to be found. Both formulary & DBCFT require separate fiscal design for natural resource rents. Not clear why ICRICT only saw this as deal breaker for destination based? IMF's illustrative calcs suggest emerging economies not clear winners w formularypic.twitter.com/GMy7j7EtY2
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That IMF graph, basis of which wasn't published iirc, can't be squared with other analyses of the BEA data - which show clear dev benefits.
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Isn't it in the appendix at the end of the paper? Why did ICRICT commissioners see need for separate solution for taxing natural resource rents as strong argument against DBCFT, but not formulary approach? https://static1.squarespace.com/static/5a0c602bf43b5594845abb81/t/5a792c6b9140b70aade4b83f/1517890668637/ICRICT+Alternatives+Eng+Sept+2017+%281%29.pdf …pic.twitter.com/lbZ1fiESvx
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