Taxes are used as a policy instrument in a variety of ways, and how tax revenues are raised can influence economic activity. While a number of principles have come to inform the design of efficient tax systems, governments, economists, and other professionals inevitably disagree about the combination of tax policies that will achieve particular aims, whether that is raising revenue, redistributing wealth or helping regulate behaviour.
Multinational corporations experience the impact that those policies, and the way they are implemented, can have on their organizations every day. Tax policy-making trends constantly change and the level of cross-border collaboration between governments is growing. We think that these factors will play an increasingly important part in companies' decision-making on a global basis.
Global policy trends: Be informed, take action
Our trends series provides a twice-yearly report on significant global tax policy developments, providing insight and analysis of the key global trends in the development of tax policy worldwide. In this series we're using our expertise to extrapolate into the future the tax trends of today, helping you to determine the best strategies for your organisation.
Edition 1 - Tax policy and administration: Global trendsIn our inaugural edition of Global trends we start by looking at the current status of some of the longer term tax plans that have been announced before turning to specific policy moves. Some of the topics covered in this edition include stimulating growth and cutting deficits, base broadening and rate reduction, the shift from direct tax to indirect tax, the increase in inter-state collaboration to counter tax avoidance, economic substance and GAARs, and risk-based approaches to compliance and tax audits, amongst others.