Curtailing the subversion of tax laws

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A legislative priority for policymakers worldwide has been curtailing the subversion of tax laws through multinationals' aggressive tax planning and tax evasion activities. Costing around US$240 billion in tax revenues foregone each year, said strategies are often either within the 'letter of the law' or are escaping detection altogether, as evidenced by the torrent of data leaks over the past five years.

Re-read the piece entitled "A historic global minimum tax has been agreed! But has it?" by Oxford University Professors Devereux and Vella. With reference to this piece, critically analyse the implications for tax planning decisions that managers must make.

Reference no: EM133053492

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