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G7 tax deal: if you think multinationals will be forced to pay more, you don't understand tax avoidance

By Ronen Palan, Professor of International Politics, City, University of London
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Finance ministers in London from the G7 group of wealthy nations have agreed a deal that has been described invariably as a landmark that will transform the landscape of global corporate tax. Although details are somewhat scant, and the supposed deal is still in a negotiation phase, it is certainly transformational.

The only thing I am not sure about is, transformation from what to what? Is it going to transform a system of taxation that was designed early in the…


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