At present, the determination of tax rate and tax collection are a matter of sovereignty under the domain of Nation-states. However, the ability of the domestic governments to tax Multinational Enterprises has been significantly challenged by two developments that have reshaped the economy,...

The rise of China as an economic and political "driver" of the global economy is likely to be one of the defining moments of world history. Its dynamism and international expansion are on the verge of creating a "critical disruption" in the global order that has held sway for over 60 years. As...