Abstract
This chapter will argue that developments in the past decade have significantly bolstered the International Tax Regime, so that it does a much better job in protecting PIT and CIT from erosion due to cross-border tax evasion and avoidance than it did before 2010. Specifically, the adoption of FATCA and the consequent development of Automatic Exchange of Information (AEI) and the Common Reporting Standard (CRS) have significantly protected PIT, while the OECD BEPS project has significantly improved CIT, especially if the current BEPS 2.0 effort is successfully concluded.
Disciplines
Law and Economics | Tax Law
Date of this Version
8-22-2021
Working Paper Citation
Avi-Yonah, Reuven S., "International Tax Law- Status Quo, Trends and Perspectives" (2021). Law & Economics Working Papers. 208.
https://repository.law.umich.edu/law_econ_current/208