Will 2020 be the year the world’s tax collectors get their revenge on the multinational corporations that have been eluding them for years?
It seems possible. Canada’s Finance Minister Bill Morneau’s official marching orders from Prime Minister Justin Trudeau are littered with commands related to tax policy, suggesting that the Group of Twenty’s (G20’s) desire to crack down on profit shifting and other legal tax dodges has not lost momentum.
The last few years have been bad ones for global cooperation. One of the biggest countries in the European Union voted to leave, US President Donald Trump introduced a new era of trade protectionism and Chinese President Xi Jinping made it clear that he is prepared to bully his way to “great power” status.
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