BRICS -- The Potential of Cooperation
Forthcoming in BRICs and the Emergence of International Tax Coordination (Yariv Brauner and Pasquale Pistone, eds)
19 Pages Posted: 15 Dec 2014 Last revised: 7 Jan 2015
Date Written: December 14, 2014
Policymakers and scholars troubled by the race to the bottom created by tax competition espouse a cooperative multilateral solution that will compel universal cooperation. This chapter suggests that cooperation should be treated with caution, as – despite its positive reputation – cooperation is not necessarily good per-se and its consequences are not always desirable. Thus, in considering cooperation, countries – and the BRICS in particular – should not automatically adhere to cooperative initiatives, but rather carefully evaluate the desirability of such initiatives.
Keywords: BRICS, Tax Competition, Cooperation
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