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Six Trends Shaping Global Tax

Six Trends Shaping Global Tax
29 Apr 2013

Full article first published in Thomson Reuters' International Taxes Weekly.

Philip R. West of Steptoe & Johnson LLP discussed six global tax trends at the Taxand Global Conference 2013 in New York on April 24. Unsurprisingly, the U.S. regime still remains an outlier.

1. Global corporate tax rates continue to decline
2. Most jurisdictions are embracing territorial system of taxation
3. Federal consumption taxes are ubiquitous
4. Countries are looking for incentives to develop intellectual property
5. Different kinds of taxes being introduced around the world
6. Jurisdictions continue to maintain concern over base erosion and profit shifting

This article is based on the Global Tax Trends Plenary session at the Taxand Global Conference 2013: view the plenary film and media commentary here.

Access our full suite of Taxand Global Conference 2013 content, including key pointers, films, media commentary, photos and more.

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