6 Jul 2019

Is Tax Competition Unavoidable?

Session 32

Should be welcome tax competition between countries or whine about it? The decision of the United States to lower the federal company tax rate from 34% to 21% is a major decision that reveals how the world’s largest economic power could not remain insensitive to the intense fiscal competition that European countries have engaged in for several decades. Is it the end point of this decline with a level of around 20-25%, beyond which the major countries will consider that they will all lose in deciding together to stop the race towards the lower tender fiscal policy?

In any case, it is symptomatic that the negotiating body for framed practices in the exchange of information and good practices has over the years become the OECD rather than the EU. Can the EU come back as a proposal force in the field, or are interests too divergent?

The lower company tax rate in the United States is helping to boost U.S. growth and thus support global economic activity, while helping to increase the attractiveness of investment in the United States. Is this general decline in the company tax rate ultimately an implicit response to the centuries-old stagnation and decline in the rate of return on capital reflected in some way by the decline in interest rates?

Coordination


Alain TRANNOY

Membre

Cercle des économistes

Biography

Moderator


Philippe ESCANDE

Columnist and editor Business section

Le Monde

Biography

Speakers


Djamel BENBELKACEM

Vice-Governor

Bank of Algeria

Biography

Cecilia GARCIA-PEÑALOSA

Senior Research Fellow

Aix-Marseille School of Economics

Biography

Eric LÉANDRI

President & Co-Founder

QWANT

Biography

Olivier PERONNET

President

Finexsi

Biography

Pascal SAINT-AMANS

Director Centre for Tax Policy and Administration

OECD

Biography
All the speakers
https://www.youtube.com/watch?v=QK5VbxsvSIk&list=PL3YBt-EW6CgQbnDytDjcrWPSNLd2wY2Jd&index=11