Taxing the Global Supply Chain: What is Fair?

Late last year, the OECD published a series of 15 reports under the umbrella of its base erosion and profit shifting (BEPS) project. The series comprises 1,931 pages of research, analysis and recommendations for how countries accounting for about 84% of world economic activity should harmonize taxation rules in response to a widely recognized shell game of corporate tax avoidance. High-visibility stories featuring tax concessions (Google and the UK) or judgments (Starbucks and the EU), plus a ri...