If we want to narrow the North-South divide that threatens our world, some limits on tax competition are inevitable. The world faces a crucial choice in the 2020s. We can either continue retreating from globalization in favor of xenophobic nationalism, tariffs, immigration restrictions, and exchange controls. That road leads ultimately to war, as it did in the 1930s. Or we can revive globalization by investing in a robust social safety net, infrastructure, education, and job creation. While more needs to be done, we have made significant progress in curbing tax competition in the last decade. The key move now is to take the added revenue and spend it wisely.
Human Rights Law | Law and Economics | Public Law and Legal Theory | Tax Law
Date of this Version
Working Paper Citation
Avi-Yonah, Reuven S., "Taxation and Business: The Human Rights Dimension of Corporate Tax Practices" (2020). Law & Economics Working Papers. 173.