2020: five trends in international tax

2020 will long be remembered as the year in which covid spread with vast implications for every nation in the world. Of course this led to many covid-related tax changes including temporary relaxations of rules for tax residence and permanent establishments. But beyond covid 2020 was also an important year for international tax as momentum has built up for change both from a policy and administration perspective. This article considers five key trends that have moved forward over 2020 and are building up pressure for action in the future.

1. Pushing the global norm away from tax competition

For the last decade we have seen a reduction in tax rates and the proliferation of tax incentives (such as patent boxes)...