2021 Reports

Dangers lurking in the OECD tax proposals

Hufbauer, Gary Clyde

As the OECD strives to rearrange international corporate taxation, a word of caution is in order. The first “Pillar”, if adopted, will spawn a confusing array of new taxes; the second “Pillar” will spur fresh loopholes as national legislatures assert their sovereign prerogatives.