Journal of Applied Economic Research
ISSN 2712-7435
Perspectives of Coordination of the International Tax policy within the framework of the Global Project of the Economic Belt of the New Silk Road
Shuyi Yu, Jiejie Wang, Leontyeva Yu.V.
Abstract
Creating a good environment for doing business and taxing through coordination of international tax policy is an important part of "political communication" within the framework of the economic belt project of the new <st1:place w:st="on">Silk Road</st1:place>. Taxation is a key factor affecting cross-border flows of goods and capital. If coordination of tax policy within the framework of this project is achieved, then taxation will become a kind of catalyst that accelerates the development of the project. On the contrary, if coordination cannot be achieved, a number of negative consequences for economic and trade cooperation of the countries that are part of the project implementation area will arise in the sphere of taxation. With the advancement of the project, the need to address such problems of taxation as deeper internationalization of sources of taxes, the increase in demand for international resistance to tax evasion, the poor quality of tax services and improper tax incentives is increasing. The Initiative for Tax Cooperation, adopted in May 2018, within the framework of the implementation of this mega-project marked the beginning of coordination of the international tax policy of the countries on the way to the economic belt. At present, this Initiative needs to be detailed and specific. The task of developing a concrete plan for the implementation of this Initiative in the field of coordinating the tax policy of the countries participating in the economic belt project of the new <st1:place w:st="on">Silk Road</st1:place> is becoming extremely urgent. The purpose of this study is to develop a three-tier and three-step approach to coordinating the international tax policy of the countries that are part of the <st1:street w:st="on"><st1:address w:st="on">One-Way-One Way</st1:address></st1:street> project area. It is justified that a combination of "three levels" and "three steps" will facilitate the coordination of international taxation policies within the framework of a project from two countries or some countries to all countries participating in the implementation of this project.
Keywords
economic belt; new Silk Road; coordination; international tax policy; Initiative for International Cooperation; three-level approach
References
1. Konrad, K.A., Schjelderup, G. (1999). Fortress Building in Global Tax Competition. Journal of Urban Economics, Vol. 46, Issue 1, 156–167.
2. Mayburov, I.A. (2012). Massovyi opportunizm nalogoplatel'shchikov kak sledstvie otsutstviia v nashem obshchestve nalogovoi morali [Tax payers' opportunism as a result of the absence of tax morality in society]. Nalogi i finansovoe parvo [Tax and Financial Law], No. 9, 179–193.
3. Kireyenko, A.P. (2015). Methods of investigating taxation in today’s foreign literature. Journal of Tax Reform, Vol. 1, No. 2-3, 209–228.
4. Freidland, N., Maital, S., Rutenberg, A. (1978). A Simulation Study of Income Tax Evasion. Journal of Public Economics, Vol. 10, No. 1, 107–116.
5. Spicer, M.W., Becker, L.A. (1980). Fiscal Inequity and Tax Evasion: An Experimental Approach. National Tax Journal, Vol. 33, Issue 2, 171–176.
6. Spicer, M.W., Everett, T.J. (1982). Audit Probabilities and the Tax Evasion Decision: An experimental approach. Journal of Economic Psychology, Vol. 2, Issue 3, 241–245.
7. Becker, W., Buchner, H.-J., Sleeking, S. (1987). The Impact of Public Transfer Expenditures on Tax Evasion. Journal of Public Economics, Vol. 34, Issue 2, 243–252.
8. Baldry, J.C. (1987). Income Tax Evasion and the Tax Schedule. Public Finance, Vol. 42, Issue 3, 357–383.
9. Alm, J., Jackson, B.R., McKee, M. (1993). Fiscal Exchange, Collective Decision Institutions, and Tax Compliance. Journal of Economic Behavior and Organization, Vol. 22, Issue 3, 285–303.
10. Mayburov, I.A., Sokolovskaya, A.M. (2012). Problema ukloneniia ot nalogov: teoreticheskii analiz, izuchenie faktorov i posledstvii (The problem of tax Evasion: Theoretical analysis, study of factors and consequences). Vestnik UrFU. Seriia ekonomika i upravlenie (Bulletin of UrFU. Series Economics and Management), No. 3, 4–15.
11. Vishnevsky, V., Vetkin, A. (2004). Uklonenie ot uplaty nalogov i ratsional'nyi vybor nalogoplatel'shchika (Tax Evasion and Rational Choice of the Taxpayer). Voprosy ekonomiki, No. 2, 96–108.
12. Allingham, M., Sandmo, A. (1972). Income Tax Evasion: A Theoretical Analysis. Journal of Public Economics, Vol. 1, No. 3-4, 323–338.
13. OECD (2015). Limiting Base Erosion Involving Interest Deductions and Other Financial Payments. Action 4 – 2015 Final Report. OECD/G20 Base Erosion and Profit Shifting Project. Paris, OECD Publishing. Available at: www.oecd-ilibrary.org/taxation/limiting-base-erosion-involving-interest-deductions-and-other-financial-payments-action-4-2015-final-report_9789264241176-en.
14. OECD (2015). Aligning Transfer Pricing Outcomes with Value Creation. Actions 8-10 – 2015 Final Reports. OECD/G20 Base Erosion and Profit Shifting Project. Paris, OECD Publishing. Available at: www.oecd-ilibrary.org/taxation/aligning-transfer-pricing-outcomes-with-value-creation-actions-8-10-2015-final-reports_9789264241244-en.
15. Bykov, S.S., Frotscher, G. (2016). Anti-Avoidance Rules in Russian and German Tax Law: The Comparison of Collision Resolution Practices. Journal of Tax Reform, Vol. 2, No. 1, 59–84.
16. Pinskaya, M.R. (2013). Nalogovaia konkurentsiia: ot teorii k praktike [Tax competition: From theory to practice]. Moscow, INFRA-M.
17. Brülhart, M., Jametti, M. (2006). Vertical versus horizontal tax externalities: An empirical test. Journal of Public Economics, Vol. 90, No. 10-11, 2027–2062.
18. Tiebout, C.M. (1956). A Pure Theory of Local Expenditures. Journal of Political Economy, Vol. 64, No. 5, 416–424.
About Authors
Shuyi Yu – Philosophiae Doctor in Economics, Associate Professor, National Academy of Economic Strategy, Chinese Academy of Social, Beijing, China (12F ZhongyeBuilding, No. 28 Shuguangxili Chaoyang District, 100028, Beijing, China); e-mail: ysy111@sina.com.
Jiejie Wang – Master of Economics, Metropolitan University of Economics and Business, Beijing, China (121 Zhangjialukou, Huaxiang Fengtai District, 100070, Beijing, China);e-mail:ysy111@sina.com.
Leontyeva Yulia Vladimirovna – Candidate of Economic Sciences, Associate Professor, Finance and Tax Management Department, Ural Federal University named after the first President of Russia B.N. Yeltsin, Ekaterinburg, Russia (620002, Ekaterinburg, Mira street, 19); e-mail: uv.leonteva@mail.ru.
For citation
Shuyi Yu., Jiejie W., Leontyeva Yu.V. Perspectivies of Coordination of the International Tax Policy within the Framework of the Global Project of the Economic Belt of the New <st1:place w:st="on">Silk Road</st1:place>. Bulletin of Ural <st1:place w:st="on"><st1:placename w:st="on">Federal</st1:placename> <st1:placetype w:st="on">University</st1:placetype></st1:place>. Series Economics and Management, 2018, Vol. 17, No. 4, 707-723. DOI: 10.15826/vestnik.2018.17.4.032.
Article info
Received July 10, 2018; Accepted July 26, 2018
DOI: http://dx.doi.org/10.15826/vestnik.2018.17.4.032
Download full text article:
~498 KB, *.pdf
(Uploaded
30.08.2018)
Created / Updated: 23 September 2021 / 23 September 2021
© Federal State Autonomous Educational Institution of Higher Education «Ural Federal University named after the first President of Russia B.N.Yeltsin»
Remarks?
select the text and press:
Ctrl + Enter
Portal design: Artsofte
Contact us
Rector's Office
Rector, Dr. Victor Koksharov
Tel. +7 (343) 375-45-03, e-mail: rector@urfu.ru
Vice-Rector for International Relations, Dr. Maxim Khomyakov
Tel. +7 (343) 375-46-27, e-mail: Maksim.Khomyakov@urfu.ru