Tax, climate change, and sustainable development: Global problems, global solutions?

Abstract

This chapter examines three areas wheremultilateral cooperation is necessary: climate change, international corporate taxation, and sustainable development. Progress in addressing challenges in all these three areas through global cooperation is crucial. We need to find effective ways to limit the rise in global temperature. Carbon taxation is one of the most effective means. We also need to find a timely, consensus-based solution to revamp the rules-based international tax system. This will help avert a string of unilateral actions by countries to protect their domestic tax base. Finally, the global community should take stronger efforts to support developing countries in meeting the Sustainable Development Goals.