Global Taxation and Accounting Arrangements

Abstract

Chapter 12 considers why reforms to several taxation arrangements are needed, especially in the quest to reduce global injustices. The role of tax havens and transfer pricing schemes in facilitating massive tax evasion and abusive tax avoidance are discussed, along with some of the initiatives aimed at improvements. The case for carefully crafted new global taxes, including air ticket taxes and currency transaction taxes, is also considered. The chapter argues that all the reforms proposed here are normatively desirable and feasible. The chapter also engages with the work of prominent proposals concerning global taxation, considering their strengths and weaknesses.