'Soft Law' in International Law-Making — How Soft International Taxation Law is Reshaping International Economic Governance

Asian Journal of WTO & International Health Law and Policy, Vol. 13, No. 2, pp. 463-509, September 2018

47 Pages Posted: 22 Oct 2018

See all articles by Julien Chaisse

Julien Chaisse

City University of Hong Kong (CityU) - Centre for Chinese & Comparative Law

Xueliang Ji

University of Macau, Faculty of Law

Date Written: September 28, 2018

Abstract

This article offers a comprehensive analysis from the perspective of international economic law for understanding base erosion and profit shifting reform (hereinafter “BEPS”) as a major example of modern soft law and its effect on the international taxation regime and, beyond, international economic law and governance. This article illustrates that soft law can be seen as a signal of maturation of international law as policy makers tend to consider the developments and legal systems of others areas in this pluralistic world. This article makes three main claims. The first claim is that, international taxation has a strong nexus with international trade and investment and that they interact with each other. This requires for trade, investment and tax norms to not be in conflict with each other. The article’s second claim is that when compared with hard law, soft law has its own merits and can play a more vital role in the construction of the international economic regime. In particular it argues that, soft law is more suitable to making some experimental movements when compared with hard law. The article’s third and final claim is that BEPS, as a form of soft law, is radically transforming the international taxation regime.

Keywords: Soft Law, Hard Law, International Taxation, International Trade, International Investment, Base Erosion and Profit Shifting Reform, BEPS, Dispute Resolution

Suggested Citation

Chaisse, Julien and Ji, Xueliang, 'Soft Law' in International Law-Making — How Soft International Taxation Law is Reshaping International Economic Governance (September 28, 2018). Asian Journal of WTO & International Health Law and Policy, Vol. 13, No. 2, pp. 463-509, September 2018, Available at SSRN: https://ssrn.com/abstract=3256749

Julien Chaisse (Contact Author)

City University of Hong Kong (CityU) - Centre for Chinese & Comparative Law ( email )

83 Tat Chee Avenue
Room P5300, 5th Floor, Academic 1
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Hong Kong
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HOME PAGE: http://https://www.cityu.edu.hk/slw/people/people_chaisse_julien.html

Xueliang Ji

University of Macau, Faculty of Law ( email )

Macau

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