Macro matters: Global themes for 2023
The world economy enters the new year on shaky ground. The post-pandemic rebound is losing steam. The Russian invasion of Ukraine and the geopolitical fallout is being felt across the globe. Inflation, rising interest rates and the strong US dollar are impacting countries in every region of the world. Major advanced economies are set to slow – or even contract - in 2023,…
The geopolitics of tax: what if BEPS fails?
In November 2021, over 135 countries signed up to the OECD / G20 ‘Inclusive Framework’ to reform international taxation rules. The two-pillar plan aims to ensure that multinationals pay their fair share of tax wherever they operate, regardless of where they are headquartered. The agreement looked like a triumph for multilateralism. But 18 months on, the two supposedly…