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Friday, February 25, 2022

Brown Presents Tax Incentives And Sub-Saharan Africa Right now At Florida

Karen B. Brown (George Washington) presents Tax Incentives and Sub-Saharan Africa, 48 Pepp. L. Rev. 995 (2021), at Florida in the present day as a part of its Tax Coverage Colloquium hosted by David Hasen:

KarenBrown-03FINALThe OECD’s Base Erosion Revenue Shifting (BEPS) venture has taken a robust and welcome take a look at most of the tax avoidance methods that proliferate in a world the place multinational enterprises are within the enterprise of exploiting gaps within the tax legal guidelines of various international locations to attenuate their final tax payments. The concentrate on worldwide consensus and prescriptions for reform has not been an unqualified good for the nations in Sub-Saharan Africa, which discover themselves within the place of reacting to requirements and taking over compliance burdens set with out adequate consideration of their particular circumstances. As a result of the trail for the BEPS venture was chosen earlier than receiving significant enter from these nations, the initiatives supply little assist for revenue-raising methods for Sub-Saharan Africa and require an administrative infrastructure presently past the capability of many countries within the area. 

With a watch towards integrating achievement of the United Nations Sustainable Improvement Targets (2030) (SDGs) with the BEPS venture, this text urges three reforms:

implementation of treaty-based regional tax incentives conscious of the SDGs within the OECD’s Multilateral Instrument to Implement Tax Treaty Associated Issues to Forestall BEPS; growth of a fund by high-income international locations to help Sub-Saharan African nations in constructing tax administrative capability; and reconsideration of a few of the BEPS reform proposals, significantly the Digital Financial system two-pillar proposals, with the purpose of in accordance company to Sub-Saharan Africa because it constructs a blueprint for stable emergence from financial hardship heightened by the pandemic.

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