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Tax avoidance: problem solved or solutions just beginning?

Helen Miller (Institute for Fiscal Studies) asks, with such a wide divergence of views on what counts as avoidance, should we ever expect to reach agreement on whether the international tax system is fixed? 
 
In the wake of the recession a broad consensus emerged: multinationals were shifting too much profit into low tax jurisdictions in some cases managing to avoid tax altogether and this should be stopped. At the behest of the G20 the OECD launched the base erosion and profit shifting (BEPS) project with a view to getting agreement on how to patch up the international tax system. Two years and a mammoth amount of effort later a set of recommendations emerged. To the surprise of many this has led to real policy change.
 
Yet revelations of companies’ miniscule tax rates continue to make the...

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