Tax, international tax controversy and more | Professor Nolan Sharkey FCA | LinkedIn

‘Don’t tax you, don’t tax me, tax the fellow behind the tree’ is becoming ‘Don’t tax you, don’t tax me, tax the corporations across the sea’. – Professor Nolan Sharkey FCA:

I was pleasantly surprised to see an article by Michael Graetz. Professor Graetz, from the USA, wrote one of the key papers on international tax policy a while back that is standard reading for my post graduate international tax students. In this new piece he wades into the BEPS debate and beyond and comes to a number of conclusions.

One of these is that: The old slogan:

‘Don’t tax you, don’t tax me, tax the fellow behind the tree’ is becoming ‘Don’t tax you, don’t tax me, tax the corporations across the sea’.

I couldn’t agree with Professor Graetz’s observation more. It is interesting how one encounters such a unified voice locally that calls for taxation of non-resident entities.

The fact that such taxation is often (but not always) highly inappropriate does not seem to matter. But really when I think about it, it is just a manifestation of the slogan above. Who better to pay all the tax than someone far away?

Read more: Tax, international tax controversy and more | Professor Nolan Sharkey FCA | LinkedIn

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