Preempting International Harmony: The New British Tax on Overseas Profits

January 21, 2015

The UK’s new tax does try to address a real problem with the implementation of corporate taxes in the modern economy. However, a new international process led by the OECD already exists to deal with the issue. This effort recently issued a series of major reports and is scheduled to make final recommendations next year. The British government should delay implementation of its new tax so that it can act within a multilateral context designed to deal with the larger issues involved.