The International Tax Regime at 100: Reflections on the OECD's BEPS Project
12 Pages Posted: 7 Sep 2021 Last revised: 14 Oct 2021
Date Written: August 22, 2021
This essay will consider the outcome of Pillars One and Two in light of the history of international taxation since the foundation of the international tax regime in 1923. Specifically, it will consider how Pillar One fits with efforts to redefine the source of active income in light of the digital revolution, and the ways in which Pillar Two implements the single tax principle, which can be traced back to the first model treaty from 1927. Both of those ideas were already articulated and developed in my own early writing on international taxation from the 1990s, when the Internet was in its infancy.
Keywords: BEPS 2.0, Pillar One, Pillar Two
JEL Classification: H24
Suggested Citation: Suggested Citation