A Big Step Forward for Global Tax Justice
The European Union should not merely emphasize its multilateral credentials, but must demonstrate that coordinated international action can deliver for all if every country invests in it. And the recent global agreement to reform corporate taxation does just that.
BRUSSELS – Multilateralism has been on the defensive in recent years. In a global setting that is more multipolar than multilateral, competition between states seems to prevail over cooperation nowadays. However, the recent global agreement to reform international corporate taxation is welcome proof that multilateralism is not dead.