BEPS and the Emerging Global Approach to Taxing Multinational Enterprises

Presented at Re-Imagining Tax for the 21st Century: Inspired by the Scholarship of Tim Edgar, February 8-9, 2019 Toronto, Canada.

Osgoode Legal Studies Research Paper

40 Pages Posted: 1 Sep 2019

See all articles by Jinyan Li

Jinyan Li

York University - Osgoode Hall Law School

Jin Bao

York University, Osgoode Hall Law School, Students

Huaning (Christina) Li

York University, Osgoode Hall Law School, Students

Date Written: February 2019

Abstract

The G20/OECD Base Erosion and Profit Shifting (BEPS) Project aimed at revising existing tax rules to align the taxation of profit with the location of economic activities and value creation (the “value creation principle”). It has received much commentary in literature and general debates and has been regarded as “the most significant re-write of the international tax rules in a century”, an opportunity to “rebuild a healthy scheme for allocating taxation rights”, having the potential to significantly alter the contours of the international tax regime, transforming the international tax regime, signaling a “new struggle over international taxation”, or representing the “emergence of a new international tax regime”. The OECD claimed that the revised rules represent “the first substantial – and overdue – renovation of the international tax standards in almost a century”.

Note: About the symposium: This symposium is inspired by the scholarship of the late Tim Edgar and the present turbulence of circumstances that affect taxation. Tim was a distinguished member of the Canadian tax academy and taught in Canada and Australia. He passed away in 2016, at the peak of his career. In his tax scholarship, Tim tackled some of the most challenging issues in tax law and policy. This symposium brings together leading tax scholars in multiple disciplines and tax practitioners in Canada and Australia. Participants will explore fundamental questions, such as: Can progressive personal income tax continue in the 21st century? Must tax law be a hostage of private law constructions? What is the evolving connection between technology and taxation? To what end, the BEPS project?

Suggested Citation

Li, Jinyan and Bao, Jin and Li, Huaning (Christina), BEPS and the Emerging Global Approach to Taxing Multinational Enterprises (February 2019). Presented at Re-Imagining Tax for the 21st Century: Inspired by the Scholarship of Tim Edgar, February 8-9, 2019 Toronto, Canada., Osgoode Legal Studies Research Paper , Available at SSRN: https://ssrn.com/abstract=3443593 or http://dx.doi.org/10.2139/ssrn.3443593

Jinyan Li (Contact Author)

York University - Osgoode Hall Law School ( email )

4700 Keele Street
Toronto, Ontario M3J 1P3
Canada
416-736-5025 (Phone)

Jin Bao

York University, Osgoode Hall Law School, Students

North York, Ontario
Canada

Huaning (Christina) Li

York University, Osgoode Hall Law School, Students

North York, Ontario
Canada

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