Book contents
- Reviews
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- Copyright page
- Dedication
- Contents
- Contributors
- Forewords
- Preface
- Introduction
- Part I Global Business and Fragmented Regulation
- Part II Corporate Law, Financial Markets and Sustainability
- 6 The History of Shareholder Primacy, from Adam Smith through the Rise of Financialism
- 7 Corporate Governance and the Political Economy of the Company
- 8 Taming Unsustainable Finance
- 9 The International Order of Corporate Taxation
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- Part IV Potential Drivers for Change
- Conclusion
- Index
9 - The International Order of Corporate Taxation
From Market-Building to Sustainable Fiscal Settlement?
from Part II - Corporate Law, Financial Markets and Sustainability
Published online by Cambridge University Press: 25 November 2019
- Reviews
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- Copyright page
- Dedication
- Contents
- Contributors
- Forewords
- Preface
- Introduction
- Part I Global Business and Fragmented Regulation
- Part II Corporate Law, Financial Markets and Sustainability
- 6 The History of Shareholder Primacy, from Adam Smith through the Rise of Financialism
- 7 Corporate Governance and the Political Economy of the Company
- 8 Taming Unsustainable Finance
- 9 The International Order of Corporate Taxation
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- Part IV Potential Drivers for Change
- Conclusion
- Index
Summary
This chapter outlines the historical development of international governance of corporate taxation. It analyses whether intergovernmental cooperation has invigorated or countervailed the adverse consequences of economic globalisation. In essence, it explores whether international tax governance has endeavoured to constrain or safeguard states’ capacities to tax. On the one hand, the chapter examines how international co-operation started with efforts to eliminate double tax burdens and was motivated by the aspiration of constructing a transnational market order. On the other, it depicts how later phases of international tax governance have been sparked by the need to contain harmful tax competition and international tax avoidance, which have been experienced as undesired outcomes of untrammelled globalisation. The chapter concludes that although corporate taxation has increasingly become an issue of international governance, corporate tax base design and tax rate setting have substantially remained beyond international constraints, leaving room for tax competition and tax avoidance.
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- Publisher: Cambridge University PressPrint publication year: 2019