| ID | 144911 |
| Title Proper | G20 institutional transition and global tax governance |
| Language | ENG |
| Author | Zhu, Jiejin |
| Summary / Abstract (Note) | The G20 is in transition from a short-term crisis institution to long-term steering institution, adopting a new ‘G20 + established international organization’ governance approach. In this approach, the main role of the G20 is to set the agenda and build political consensus for global economic governance. The established international organization provides the technical support and facilitates proposal implementation, while the precondition for the G20 institutional transition is that the emerging economies need to participate on an equal footing with the advanced economies. The case of global tax governance is among the few success stories of the G20's institutional transition. Within the ‘G20 + OECD’ governance architecture, the G20 builds the political consensus that the profits should be taxed where they are performed, while the OECD proposes the technical Base Erosion and Profit Shifting Action Plan. In this way, the G20's political leadership and the OECD's technical advantage complement each other, making a giant leap in global tax governance. |
| `In' analytical Note | Pacific Review Vol. 29, No.3; Jul 2016: p.465-471 |
| Journal Source | Pacific Review Vol: 29 No 3 |
| Key Words | OECD ; G20 ; Institutional Transition ; Global Tax Governance ; BEPS ; On an Equal Footing |