International Tax Cooperation and Implications of Globalization

Leonce Ndikumana

CDP Background Papers from United Nations, Department of Economics and Social Affairs

Abstract: Recent developments in globalization raise important issues regarding taxation policy and economic development. First, trends in capital income tax raise concerns about a possible race to the bottom or harmful competition. Second, lack of tax policy coordination results in large losses in tax revenue due to profit shifting by multinational corporations. These practices undermine revenue mobilization in the least developed countries, which also suffer from capital flight and other forms of illicit financial flows. This paper discusses how improved governance of the global financial system and enhanced harmonization in taxation policies may help address these important development problems.

Keywords: Taxation; tax evasion; globalization; saving; capital; economic development (search for similar items in EconPapers)
JEL-codes: E21 F13 H26 O16 O19 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2014-12
New Economics Papers: this item is included in nep-iue, nep-mac and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:une:cpaper:024

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