Formed in 2013 by Professor Michael Devereux, this group brings together economists and lawyers from across the world to reconsider the fundamentals of the international tax system and propose more considered reforms.
The members of the group are:
- Alan J. Auerbach (UC Berkeley)
- Michael P. Devereux (Oxford, Chair)
- Michael J. Keen (IMF)
- Paul Oosterhuis (Skadden, Arps, Slate, Meagher & Flom LLP)
- Wolfgang Schön (Max Planck Institute, Munich)
- John Vella (Oxford)
The group aims to:
- set out and examine fundamental issues of principle and practice in the taxation of business profit and the allocation of taxing rights over such profit amongst countries, paying attention to the interests and circumstances of advanced and developing countries
- evaluate the existing system and potential reform options
- In its forthcoming book, the group will set out in detail two reform options. One is the destination-based cash flow tax (see the draft chapter on this below). The second is a Residual Profit Allocation by Income. In March 2019, the group posted a draft chapter setting out this option.
Events and publications
The group has held two conferences to present its work in Oxford and Washington DC and has also published two draft chapters:
The group also published a book, Taxing Profit in a Global Economy, in January 2021.
The group is grateful for financial support from the Nuffield Foundation, the Burch Center and the Max Planck Institute.