A word from Professor Scott Wilkie: Professor Jinyan Li and Ms. Sophie Chatel, both drawing on their expertise and experience in international tax, have recently co-written this article published by the International Bureau of Fiscal Documentation in the Bulletin for International Taxation, which is now freely available and can be accessed by clicking here. […]
All posts by profjinyanli
A One-Off Wealth Tax for the United Kingdom (and Canada)?
The Wealth Tax Commission recommended a one-off (as opposed to an annual) wealth tax for the United Kingdom (UK) in a report released on December 9, 2020 (see A Wealth Tax for the UK). The main rationales are to raise tax revenues to address the financial pressures owing to the COVID-19 pandemic, and to reduce inequality […]
Professor Jinyan Li's Commentary on the Pillar One Blueprint Published by OECD - Access Here
The OECD/G20 invited comments from the public on the Pillar One Blueprint and Pillar Two Blueprint, which were both published on October 12th, 2020. Pillar One is about allocating more taxing rights to market jurisdictions in respect of income derived from automated digital services and consumer facing businesses. It is achieved through a new […]
Blueprints for A Parallel Tax Universe
Blueprints for a new international tax regime fit for the digitalizing global economy were published by the OECD/G20 Inclusive Framework on BEPS (the Inclusive Framework) on October 12, 2020. Because the new regime represents “global law” and introduces concepts and rules not found in existing domestic and treaty laws, a parallel tax universe is […]
The Tech Giants, COVID-19 and Digital Taxation
The global tech giants, such as the FAANGS (Facebook, Amazon, Apple, Netflix, Google and Shopify) in the US and the BAT (Baidu, Alibaba, Tencent) in China are proving themselves to be “essential” in the fight against the COVID-19 pandemic by allowing people to stay connected, and public institutions as well as essential businesses to […]
Use Your Own After-Tax Money for Fun
In Canada, the truth of the matter is that generally you pay for having fun with your own after-tax money. If you pursue a childhood dream and take a trip to the International Space Station for $41.8 million, the trip may be “unusual and exotic”, but the personal nature is not. That is, in […]