Six Trends Shaping Global Tax
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.
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