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Indirect tax management and globalisation

Chris Walsh takes a look at how globalisation is affecting indirect tax management

To understand business globalisation it is important to have a grasp of the political environment that has underpinned it for more than half a century because as much as globalisation manifests itself in the business world it has been essentially a politically designed and sponsored structure and process. We often think of globalisation as being a comparatively recent phenomenon but it has in fact been happening (at least on an political level) since the end of World War II when politicians started planning for the breaking down of international borders in order to increase prosperity and decrease the chances of another global war.

A critical step in this process was the Bretton Woods conference of 1944 which in turn led to the establishment of the World Bank and...

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