Alongside public health and economic measures, governments have been activating in-country tax relief measures to reduce or delay taxpayers’ tax liabilities and administrative burdens as a result of the COVID-19 pandemic. Tax authorities have been providing guidance and taxpayers have been deciding, where relief measures are not automatically applied, whether and how to avail themselves of such measures in appropriate situations.
Looking ahead to a recovery phase, we consider in this Bulletin:
- how different the post-COVID-19 economy may look
- if unilateralism may overtake multilateralism or regionalisation
- new expectations on solidarity and tax transparency
- paying for the crisis: a short-term trade-off between stimulus and competition
different perspectives on taxing the economy of the future as a practical matter