The writer is assistant professor, NIPFP.
If the commitment to a fair and impartial system and a time-bound resolution of matters is to be met, the new processes, with reviews and anonymity, must ensure efficiency in case selection and consistency in assessment.
A multilateral approach is needed to resolve concerns over digital taxes.
As US announces investigation against countries, it may be more pragmatic to accept such levies and negotiate bilaterally.
Citizens ordinarily advocating for free markets are now urging the governments to open up its coffers
Loss expected from lower tax rates may be countered by gains from the settlement of cases, higher dividend taxes on top incomes, and the wider scope for taxing international incomes.
The idea of consensus, though critical for international relations, must also be evaluated in light of the misalignment of economic interests between developing and developed countries. A good tax system is often evaluated along the axes of certainty, simplicity and neutrality.