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What is the future of international taxation in a globalized world?

Zandra Mayer

Well, I think the future of international taxation in a globalized world is going to be quite complex. With the increasing interconnectedness of countries and economies, it's becoming easier for companies to move their money around and avoid taxes in certain jurisdictions.

However, I think there's also a growing awareness of the need for fair taxation across borders. Countries are becoming more active in collaborating with one another to address this issue. One example of this is the Organization for Economic Cooperation and Development (OECD), which has been working on a project called Base Erosion and Profit Shifting (BEPS) to address tax avoidance strategies used by multinational companies.

I also think there will be more pressure on governments to work together to establish clearer and more consistent tax policies. With more companies operating across borders and with more people working remotely, it's becoming harder to determine where income should be taxed. This means that there will be a greater need for international cooperation and coordination to determine how taxes should be collected and distributed.

Of course, there are also some challenges to achieving this. Countries may have differing ideas on what constitutes fair taxation, and there may be a reluctance to give up sovereignty in this area. However, I believe that there is a growing understanding that this is a problem that needs to be addressed, and that solutions will be found through collaboration and discussion.

Overall, I think the future of international taxation in a globalized world is going to be complex, but there's also reason for optimism. With continued efforts at collaboration and cooperation, we can work towards fair and consistent tax policies that benefit everyone.