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How to tax business in a global world

In 2020, we should implement a system to ensure that companies pay their fair share

A globalised world need not be an impediment to proper taxation. Photo: Prospect composite

The International Monetary Fund recently asked a slate of experts for their views on the future of corporate taxation and tax competition. Most of the Fund’s interlocutors answered that tax competition was “likely to intensify” in the foreseeable future. Since each nation has a sovereign right to set its own taxation, who could possibly force tax havens to stop? Some countries, the experts agreed, will always offer lower tax rates than…

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