Venice Summer Institute 2018: International Tax Reform- Challenges for Trade Integration and Implications for International Tax Coordination

Recent developments have put international tax issues at the top of the global policy agenda. The US government has proposed a switch from worldwide taxation of corporate profits to territorial taxation while the US Congress is considering an even more fundamental reform of the corporate tax system with the adoption of a destination-based cash flow tax. By including a so-called "border-tax", the latter proposal may have profound implications for international trade patterns. In Europe, the UK government is threatening to open a new round of tax competition to attenuate the negative consequences of Brexit for trade and foreign investment in the UK. Meanwhile the OECD countries are implementing policy measures from the BEPS programme with the goal of countering tax avoidance by multinational firms.

Keynote speakers: Alan J. Auerbach, University of California, Berkeley, and Michael Keen, International Monetary Fund.