The recent discussions at the Ad Hoc Committee set up to draft the Terms of Reference for a UN framework convention on international tax cooperation have revealed deep divisions between different groups of countries. At present, there is little reason for optimism that consensus will be reached. On so many issues there were unbridgeable divides. In a worst option scenario, the result will be two separate international tax architectures. There has to be a fundamental change of attitude if an inclusive framework is to come out of these discussions.
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The recent discussions at the Ad Hoc Committee set up to draft the Terms of Reference for a UN framework convention on international tax cooperation have revealed deep divisions between different groups of countries. At present, there is little reason for optimism that consensus will be reached. On so many issues there were unbridgeable divides. In a worst option scenario, the result will be two separate international tax architectures. There has to be a fundamental change of attitude if an inclusive framework is to come out of these discussions.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
