Adam Rosenzweig (Washington Univ.), Carving a Path for Authorized Scholarship Throughout an Existential Disaster (JOTWELL) (reviewing Wei Cui (British Columbia; Google Scholar), New Puzzles in Worldwide Tax Agreements, 73 Tax L. Rev. ___ (2022)):
The G-7 and G-20 just lately introduced a “breakthrough” settlement by over 130 international locations to undertake and implement a “international minimal tax” proposal. The settlement is reportedly anticipated to lift over $150 billion in new income by closing a number of the most infamous tax loopholes on this planet; in the end the deal may reshape international commerce and shore-up beleaguered nationwide funds following the worldwide pandemic. Officers concerned within the deal have been quoted as making sweeping statements that the deal was historic, and that it will reshape the worldwide economic system, make worldwide taxation fairer, get rid of incentives for firms to keep away from tax, and function a transparent sign for international justice.
A constant theme could be seen to emerge from this course of — that the trigger for a lot of the issues plaguing the worldwide tax regime in the end stem from a scarcity of political will, with international company pursuits exploiting the vacuum of an uncoordinated tax system. Regardless whether it is true, such a theme carries with it two collateral implications: (1) there is no such thing as a disagreement as to the substance of the deal from a authorized or coverage standpoint and (2) any questioning of (1) have to be motivated by the identical political forces stopping reform prior to now. Wei Cui’s article New Puzzles in Worldwide Tax Agreements analyzes and criticizes this theme.
This theme creates a type of existential second for worldwide tax regulation students – exactly as a result of a once-in-a-generation international overhaul of the regime seems inside attain. But, as mental debates transition into real-world policy-making, even facially impartial contributions danger getting misplaced within the noise of the second, or possibly even worse caught in a type of mental purgatory.
That is the place Cui’s article intervenes, and does so with refreshing readability and candor.
Cui brings educational rigor and precision to establish what he refers to as mental “puzzles” within the debate. His factors might be regarded as a tax regulation type of observing that the emperor has no new garments. …
The last word lodestar of the scholarly enterprise is the collective growth of information generated over time and incorporating myriad views into maybe sooner or later a coherent entire. Correspondingly, any stress (implicit or in any other case) in direction of conformity, regardless of how effectively meant, in the end undermines that scholarly endeavor. Consequently, at this second in worldwide tax regulation maybe Cui’s article is exactly what the sphere wants extra of. Even when Cui’s article had been to perform nothing else, difficult readers to confront lots of the unstated and uncomfortable tensions throughout the discipline could effectively serve the very best and finest use for tutorial scholarship throughout an existential second.