A Multilateral Tax Treaty for ASEAN - Lessons for the Andean, Caribbean, Nordic and South Asian Nations
Asian Journal of Comparative Law, Volume 6, 2011
19 Pages Posted: 25 Oct 2012
Date Written: October 24, 2012
The Association of South East Asian Nations (ASEAN) was established in 1967 with one of its central purposes being the acceleration of economic growth in the region. As outlined in the ASEAN Vision 2020 charter, which was agreed to by ASEAN member countries in 1997, the centerpiece of this economic acceleration is the creation of the ASEAN Economic Community (AEC). The AEC shall establish ASEAN as a single market and production base where there is a free flow of goods, services and investment; a freer flow of capital; equitable economic development; and reduced poverty and socio-economic disparities in the year 2020. ASEAN remains strongly committed to ‘Vision 2020’ and the creation of the AEC. In fact, ASEAN member countries have heightened their commitment to the AEC by accelerating the establishment of the AEC from 2020 to 2015. This commitment is reflected in the adoption of the AEC Blueprint by all member countries on 20 November 2007. The Blueprint provides detailed targets and timelines to be implemented by member countries in order to create the AEC by 2015.
Keywords: multilateral, tax, treaty, ASEAN
JEL Classification: K00, K19, K34
Suggested Citation: Suggested Citation