{"id":21477,"date":"2013-07-04T05:51:01","date_gmt":"2013-07-04T04:51:01","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=21477"},"modified":"2013-07-03T12:03:54","modified_gmt":"2013-07-03T11:03:54","slug":"solving-the-problems-within-unitary-taxation-my-discussion-at-todays-tax-justice-network-conference","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/07\/04\/solving-the-problems-within-unitary-taxation-my-discussion-at-todays-tax-justice-network-conference\/","title":{"rendered":"Solving the problems within unitary taxation – my discussion at today’s Tax Justice Network conference"},"content":{"rendered":"

The\u00a0Tax Justice Network<\/a> is holding its annual workshop \/ conference today and tomorrow when about 50 people will congregate at City University London to\u00a0consider\u00a0the them of 'BEPS and the future of\u00a0corporation\u00a0tax'. BEPS is 'base erosion and profit shifting' - or the\u00a0process\u00a0by which\u00a0multinational corporations move their taxable income beyond the reach of the countries where they really earn them.<\/p>\n

Much of the discussion during the day will focus on unitary taxation as an\u00a0alternative\u00a0to the now discredited system of arm's length transfer pricing for apportioning the profits of\u00a0multinational corporations between states. Theoretically unitary taxation has to offer better solutions<\/a>\u00a0than the existing OECD endorsed methods of profit allocation which are costly, bear no relationship to economic\u00a0reality\u00a0and are open to widespread abuse. However, unitary taxation also has its share of problems, not least with regard to determining what is profit.<\/p>\n

Prof Prem Sikka and I are currently looking at this issue and will be\u00a0preparing\u00a0a paper for\u00a0publication\u00a0later this year but both of us will be\u00a0introducing\u00a0the work at the conference. \u00a0My\u00a0speaking\u00a0notes are as follows:<\/p>\n

\"Screen<\/a><\/p>\n

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Click on the image for a bigger version because I am aware you won't have a hope of reading the above - and then optimise by using ctrl + or - keys (cmd + or - on a Mac) and start reading at 1 o'clock and work round, always going clockwise.<\/p>\n

As yet I do not know the outcome of our thinking: that's the reason for making tomorrow's presentation. We are seeking debate and input.\u00a0Comments\u00a0are welcome here too.<\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0Tax Justice Network is holding its annual workshop \/ conference today and tomorrow when about 50 people will congregate at City University London to\u00a0consider\u00a0the them
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