How will the tax
systems around the world look in twenty-five
years? This intriguing question was raised by the 75 year
young International Fiscal Association in a Jubilee Seminar
at its 2013 Congress in Copenhagen, last August.1 A panel from the six continents, chaired by Michael Lang
(Austria) and including Wei Cui (People’s Republic of
China), Keith Engel (South Africa), Liselott Kana (Chile),
Rick Krever (Australia), Scott Wilkie (Canada), took
the challenge by going into five issues: the future
development of the ‘tax mix’, the characteristics
of Value Added Tax (VAT) systems, the arm’s length
principle, the introduction of new types of taxes and the
relation between tax administrations and tax advisors.
After each agenda point the audience could share their
opinion by voting on the predicted developments.
Although the five issues were discussed in the above
mentioned order, I will first go into the arm’s length
principle and the relation between tax administrations
and tax advisors.
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