Global tax coordination: is there hope?
16:55 – 17:50 CEST – 6 May 2021
Philipp Genschel, Joint Chair in European Public Policy, Department of Social and Political Science and Robert Schuman Centre, EUI
Ioana Petrescu, Senior Fellow, Mossavar-Rahmani Center for Business and Government; Former Finance Minister, Romania
Thomas Rixen, Professor of International and Comparative Political Economy, Freie Universität Berlin
Pascal Saint-Amans, Director, Centre for Tax Policy and Administration, Organisation for Economic Co-operation and Development
Taxation might be a national prerogative, but it is an international headache, with various international organizations working over time on improving international tax coordination. From an initial focus on double taxation and tax evasion, concerns about tax competition and tax havens have increased in salience in the 1990s, with the globalization of markets and the shift towards the knowledge economy. More recently, climate change, digitization, and wealth inequalities within and between nations entered the agenda. Is better international coordination for corporate taxation in this context a way to check rising global income and wealth inequalities? What is the impact of the shift to digital on tax bases? Which role could the EU play in addressing global tax coordination issues?
Who will pay for the global recovery – and how?
17:55 -18:50 CEST – 6 May 2021
George Papaconstantinou, Professor of International Political Economy and Director of Executive Education, School of Transnational Governance, EUI
The economic costs of COVID-19 have by now been shown to be much larger than originally foreseen in the early days of the pandemic. Faced with a simultaneous and prolonged supply-side and demand-side shock, governments have gone to extraordinary lengths in order to avoid an overly heavy burden from the health crisis on households and businesses as well as to sustain and support an eventual economic recovery. This unprecedented fiscal expansion has pushed already high public deficits and debts even higher, in both advanced as well as emerging economies. We now live in a debt-heavy world; but will that debt have to be repaid, and how?
GLOBAL ECONOMY – PLENARY
20:45-21:15 CEST – 6 May 2021
Which way for a bigger international role for the euro?
12:00 – 12:30 CEST – 7 May 2021
What should the EU be doing to upgrade the euro’s role as an international reserve currency in a world where the US is “weaponising” the dollar in international transactions? What means are available for pursuing this aim? Would further steps to reform the institutional architecture of the euro area be enough, or are there practical ways to increase the euro’s use in clearing obligations, cross-border payments, and contracts settlement in key sectors? This interview with President Christine Lagarde will examine the arguments and objections for actively seeking a wider international role for the euro and the role of the ECB in this process.
“Is Europe Falling Behind in the Global Digital Economy?”
17:15 – 17:45 CEST – 7 May 2021
Conversation with Professor Bengt Holmströms, Professor of Economics, MIT and Alexander Stubb Director, School of Transnational Governance, EUI followed by Q&A with STG students