Is tax avoidance by multinationals over?

About the event

Reflections on the most significant tax reforms in the last century.

The international community is currently engaged on the most significant reform of international taxation in a century. The reform is based on an unprecedented agreement amongst more than 140 countries. The US Treasury Secretary, Janet Yellen, called the agreement a 'once-in-a-generation accomplishment for economic diplomacy' one of her predecessors, Larry Summers, claimed the agreement 'is arguably the most significant international economic pact of the 21st century so far'. Chancellor Scholz of Germany went further, claiming that the agreement “will really change the world”.

Why is reform necessary? What is the agreement - and will it be successful? In particular, which countries are likely to gain, and will any lose? Will lower income countries be more constrained in their ability to offer incentives for investment, or will they benefit from higher revenues from taxing multinationals’ profit?

These questions will be addressed by Victoria Perry, in conversation with Professor Michael Devereux, Director of the Oxford University Centre for Business Taxation.


Professor Victoria Perry Georgetown University Law Centre

You can learn more about global tax reform and Professor Devereux's research on international taxation on Oxford Answers