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Global Tax Reform and Mythical International Tax

Magalhaes and Christians examine the myths of international tax law and demonstrate that each purported impediment to its operation is either conceptually under-theorized or exaggerated in legal impact or both. They note that the minimum tax initiative as it has progressed is flawed and argue that the mythical international law norms offered by critics do nothing toward achieving improvements but only seek to undermine the underlying goals of the initiative as a whole. They opine that to the extent curbing base erosion and profit shifting by the largest corporations would bring about a more stable and mutually acceptable world order, the use of mythological international law to forestall reform should be abandoned in favor of cooperative problem-solving.

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Tarcísio Diniz Magalhães and Allison Christians

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