THIS article aims to present an overview of the global tax reforms underway, exploring its challenges, key initiatives, and potential outcomes. It explores the importance of international cooperation under UN/G20/OECD, in addressing tax avoidance and ensuring that businesses contribute their fair share to the societies in which they operate.

THERE are two hurdles in taxing the cross-border income of multinational enterprises in a source country, in terms of the rules of the game that were laid down more than a century back and that, despite the recent turmoil in the field of international taxation, still governs the field.

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