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    China's Challenge to International Tax Rules and the Implications for Global Economic Governance

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    Date
    2018-11-01
    Author
    Hearson, Martin
    Prichard, Wilson
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    Abstract
    Twentieth century institutions of global economic governance face a profound challenge adapting to the rise of emerging markets and, especially, China's rise. This is especially the case for the international tax regime, whose institutional home is the OECD and which is based on norms that favour capital exporting states. To understand the nature of the challenge posed by China, we focus on the country's engagement with a foundational norm of the international tax regime: the arm's length principle. We show that China's approach to tax cooperation is characterised by a set of apparent contradictions: conciliatory language hides an assault on the arm's length principle; a rhetoric of common cause with developing countries is contradicted by actions that maximise only China's own share of the tax ‘pie’; and a willingness to court the OECD based on the leverage gained from flirtation with outside options. In these respects, China increasingly appears to be using its market power to seek special privileges within international regimes, in ways that mirror the historical actions of the United States.
    URI
    https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/14289
    Citation
    Hearson, M. and Prichard, W. (2018) ‘China's Challenge to International Tax Rules and the Implications for Global Economic Governance’, International Affairs 94.6 1287–1307
    DOI
    10.1093/ia/iiy189
    Is part of series
    International Affairs;94.6
    More details
    https://academic.oup.com/ia/article-abstract/94/6/1287/5162421?redirectedFrom=fulltext
    Rights holder
    The Author(s) 2018
    Rights details
    https://www.ids.ac.uk/wp-content/uploads/2018/12/IDSOpenDocsExternalDocuments.pdf
    Collections
    • Journal Articles - External [389]
    • International Centre for Tax and Development [394]

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