International Taxation and Capitalism: A Heterodox Economics Perspective

The book introduces a novel approach to international taxation through the lens of heterodox economic and social theories, in particular Marxism. The book argues that the radical reorganization of the international tax system that has been underway for the last few decades – initiated by the OECD, and furthered by the G20 and the European Union – is a response to changes in the global structure of capitalism, especially in terms of “center-periphery”. Through both normative analysis and empirical evidence, the book shows that the global tax system emerging from these changes consolidates the regulatory and tax revenue control of the central states. It also demonstrates that this consolidation and centralisation is designed to enable the dominance of multinational corporations in the global economy. This path of international taxation is explained in the book through certain general concepts of Marxian economic theory, such as the accumulation of capital and the tendency of the rate of profit to fall, along with other specific developments, such as the unequal participation of the different regions of the world in the capitalist system and a general theory of money that incorporates elements proposed by some sectors of post-Keynesianism. This book is invaluable reading for anyone interested in global capitalism, the financial system, heterodox economics, and Marxist theory. Cover Half Title Series Page Title Page Copyright Page Table of Contents List of figures Preface Chapter 1 Introduction Chapter 2 Epistemological and methodological basis Chapter 3 Theoretical framework Chapter 4 Taxation Chapter 5 Capitalism and space Chapter 6 Taxation and space: Hypotheses and theoretical discussion Chapter 7 Historical reconstruction of taxation and space Chapter 8 Taxation and space : Historical reconstruction (cont.) Chapter 9 Regulatory and statistical evidence Chapter 10 Special international taxation modalities : Transfer pricing, consumption taxes, Pillar I, and the global minimum tax Chapter 11 The superstructures of international taxation : State, legal, and ideological structures Chapter 12 International taxation, public debt, and public spending Chapter 13 Is another global taxation structure possible? Index