LA ‘NUEVA ARQUITECTURA’ DE LA FISCALIDAD INTERNACIONAL Y PRECIOS DE TRANSFERENCIA: LOS ACUERDOS DE LA OCDE “INCLUSIVE FRAMEWORK”, G-20 Y G-7 (The 'New Architecture' of International Taxation and Transfer Pricing: the OECD 'Inclusive Framework', G-20 and G-7 Agreements)

37 Pages Posted: 30 Aug 2021

Date Written: July 30, 2021

Abstract

Spanish Abstract: El 1 de julio de 2021, la OCDE y el Inclusive Framework ("IF") publicaron su ya famoso "Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy". Si bien tal acuerdo multilateral se ha calificado como histórico, o como el germen de una nueva arquitectura de la fiscalidad internacional, el presente trabajo pone de manifiesto que, sin restar mérito a la labor de la OCDE/IF, el resultado es menos histórico, menos acuerdo y menos multilateral de lo que aparenta y se anuncia. Quizás, lo más llamativo es que incluso si se ejecuta fielmente un acuerdo sobre las líneas del Statement tampoco parece que pueda llevar a la estabilización del sistema de fiscalidad que pretende, es decir, da la impresión de que abre la puerta --de forma muy limitada-- a una mayor tributación de los beneficios empresariales en los países de la fuente y, como acuerdo favorable para los países de residencia de las empresas multinacionales, que limita la soberanía fiscal de un buen número de países, no cerrará probablemente la histórica contienda entre países de fuente y de residencia. Al mismo tiempo, al suponer las nuevas propuestas del Statement un abandono parcial y muy limitado del principio de imposición a precios de mercado, da pie a pensar que el sistema de fiscalidad internacional continuará moviéndose hacia sistemas de reparto proporcional de bases imponibles en el Impuesto sobre Sociedades menos complejos que el 'híbrido' que ahora se pretende ejecutar.

English Abstract: On July 1, 2021, the OECD and the Inclusive Framework ("IF") published their now famous "Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy". While such a multilateral agreement has been described as historic, or as the germ of a new international tax architecture, this paper shows that, without detracting from the work of the OECD/IF, the result is less historic, less agreed and less multilateral than it appears and is advertised. Perhaps most strikingly, even if an agreement along the lines of the Statement is faithfully executed, it does not seem likely to lead to the stabilization of the international tax system it seeks, i.e., it gives the impression that it opens the door - in a very limited way - to greater taxation of business profits in source countries and, as an agreement favorable to the countries of residence of multinational companies, which limits the fiscal sovereignty of a good number of countries too, it will probably not close the historical dispute between source and residence States. At the same time, since the Statement's new proposals imply a partial and very limited abandonment of the arm's-length principle, it gives reason to believe that the international taxation system will continue to move towards less complex systems of formulary apportionment of corporate tax bases than the 'hybrid' system now being proposed.

Note: Downloadable document is in Spanish.

Keywords: International taxation, Statement OECD, Inclusive Framework on a Two Pillar solution, Taxation of the digitalized economy

JEL Classification: K34

Suggested Citation

Martin Jimenez, Adolfo, LA ‘NUEVA ARQUITECTURA’ DE LA FISCALIDAD INTERNACIONAL Y PRECIOS DE TRANSFERENCIA: LOS ACUERDOS DE LA OCDE “INCLUSIVE FRAMEWORK”, G-20 Y G-7 (The 'New Architecture' of International Taxation and Transfer Pricing: the OECD 'Inclusive Framework', G-20 and G-7 Agreements) (July 30, 2021). Available at SSRN: https://ssrn.com/abstract=3897891 or http://dx.doi.org/10.2139/ssrn.3897891

Adolfo Martin Jimenez (Contact Author)

Universidad de Cádiz ( email )

Facultad de Derecho, Avda de la Universidad, s/N
Jerez de la Frontera, Cádiz 11405
Spain

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