Michael P. Devereux and Martin Simmler (2021), Who Will Pay Amount A?, EconPol Policy Brief, 3 July 2021.
Michael P. Devereux, Martin Simmler, John Vella and Heydon Wardell‐Burrus (2021), What Is the Substance‐Based Carve‐Out under Pillar 2? And How Will It Affect Tax Competition?, EconPol Policy Brief, 23 November 2021.
Read the latest article by Richard Collier, Michael P. Devereux and John Vella, Comparing Proposals to Tax Some Profit in the Market Country, which investigates the Pillar 1 proposal alongside two alternatives: the Article 12B recently adopted by the UN; and the Residual Profit Allocation by Income (RPAI) proposal, proposed by Oxford International Tax Group.
The Centre's research team has also written a number of academic papers in response to the COVID-19 Pandemic:
- Michael P. Devereux, Irem Güçeri, Martin Simmler and Eddy H.F Tam (2020). Discretionary Fiscal Responses to the Covid-19 Pandemic, Oxford Review of Economic Policy, 36 (1), pp.225-241
- Richard S. Collier and Matt Andrew (2020). COVID-19 Challenges for the Arm’s Length Principle, Tax Notes International, 98 (12), pp.1363
- Alice Pirlot, Richard S. Collier and John Vella (2020). Tax Policy and the COVID-19 Crisis. Intertax, 48 (8/9), pp.794– 804
Richard Collier, Ian F. Dykes, OECD/International - On the Apparent Widespread Misapplication of the OECD Transfer Pricing Guidelines, Bulletin for International Taxation, 2022 (Volume 76), No.1
Richard Collier, Joseph L. Andrus, Transfer Pricing and the Arm’s-Length Principle After the Pillars, Tax Notes International, 31 Jan 2022
These are produced by researchers working within the Centre or collaborations with researchers or papers that are presented at our annual academic symposium.
Taxing Profit in a Global Economy
A Report of the Oxford International Tax Group
Michael P. Devereux, Alan J. Auerbach, Michael Keen, Paul Oosterhuis, Wolfgang Schön, and John Vella
This book undertakes a fundamental review of the existing international system of taxing business profit. It steps back from the current political debates on how to combat profit shifting and how taxing rights over the profits of the digitalized economy should be allocated.
Banking on Failure: Cum-Ex and Why and How Banks Game the System
Richard S. Collier
Banks seem all too often involved in cases of misconduct, particularly involving the exploitation of tax systems. Banking on Failure explains why and how banks "game the system", accounting for these misconduct cases and analysing the wider implications for financial markets and tax systems.
The OECD’s Global Anti-Base Erosion (GloBE) proposal was formally introduced in January 2019 and the most recent consultation document was published in November 2019. Despite being introduced as part of the debate about reforming taxes in the context of the digitalisation of the economy, the GloBE proposal is more general.
This report, written by Centre for Business Taxation Director Michael Devereux and associates, discusses a number of design options that are being considered for each of element of the proposal.
- Read the CBT Tax Database abstract
- View the full dataset