International Tax, the G20 and the Asia Pacific: From Competition to Cooperation?

Asia and the Pacific Policy Studies (APPS), vol. 1, no. 3, pp. 484–496

13 Pages Posted: 2 Oct 2014

See all articles by Miranda Stewart

Miranda Stewart

University of Melbourne - Law School; Australian National University (ANU) - Crawford School of Public Policy

Date Written: August 7, 2014

Abstract

Nation states in the Asia Pacific need to increase tax revenues but face many challenges. This article discusses the challenge of taxation in an age of capital mobility and tax competition. It then considers two opportunities that have recently been championed by the G20, which could enable governments to strengthen national tax systems by international cooperation. The first opportunity is the establishment of transnational tax administrative cooperation. The second opportunity is the potential for countries to develop a new multilateral framework for sharing the international capital tax base, which may arise under auspices of the Organisation for Economic Co-operation and Development Base Erosion and Profit Shifting project. As Chair of the G20 in 2014, Australia has a key leadership role to play in supporting countries in the region to grasp these opportunities.

Keywords: international tax; tax haven; G20; tax competition; ASEAN; OECD; BEPS; fiscal policy; tax treaties

Suggested Citation

Stewart, Miranda, International Tax, the G20 and the Asia Pacific: From Competition to Cooperation? (August 7, 2014). Asia and the Pacific Policy Studies (APPS), vol. 1, no. 3, pp. 484–496, Available at SSRN: https://ssrn.com/abstract=2504371

Miranda Stewart (Contact Author)

University of Melbourne - Law School ( email )

Melbourne, Victoria 3010
Australia
+61 3 8344 6544 (Phone)

Australian National University (ANU) - Crawford School of Public Policy ( email )

7 Liversidge Street
Lennox Crossing
Canberra, ACT 0200
Australia

HOME PAGE: http://https://crawford.anu.edu.au/people/academic/miranda-stewart

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