The New Politics of Global Tax Governance: Taking Stock a Decade After the Financial Crisis

Rasmus Corlin Christensen, Martin Hearson*

*Corresponding author for this work

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Abstract

The financial crisis of 2007–2009 is now broadly recognised as a once-in-a-generation inflection point in the history of global economic governance. It has also prompted a reconsideration of established paradigms in international political economy (IPE) scholarship. Developments in global tax governance open a window onto these ongoing changes, and in this essay we discuss four recent volumes on the topic drawn from IPE and beyond, arguing against an emphasis on institutional stability and analyses that consider taxation in isolation. In contrast, we identify unprecedented changes in tax cooperation that reflect a significant contemporary reconfiguration of the politics of global economic governance writ large. To develop these arguments, we discuss the links between global tax governance and four fundamental changes underway in IPE: the return of the state through more activist policies; the global power shift towards large emerging markets; the politics of austerity and populism; and the digitalisation of the economy.
Original languageEnglish
JournalReview of International Political Economy
Volume26
Issue number5
Pages (from-to)1068-1088
Number of pages21
ISSN0969-2290
DOIs
Publication statusPublished - Oct 2019

Bibliographical note

Published online: 27. June 2019

Keywords

  • Global economic governance
  • Global financial crisis
  • Globalization
  • OECD
  • Offshore finance
  • Rising powers
  • Tax
  • Tax havens

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