Presentation based on existing published paper (R. de la Feria and R. Krever, “Ending VAT exemptions: towards a post-modern VAT” in R. de la Feria (ed.), VAT Exemptions: Consequences and Design Alternatives (The Hague: Kluwer Law International, 2013).

Based on unpublished paper (M. Devereux and R. de la Feria, “Designing and implementing a Destination-Based Corporate Tax”).

de la Feria, R. and Silva Costa, M., 2013. .

The current international tax system based upon the principles of source and residence is no longer suited to a globalised world economy, and the fundamentals of the international tax system need to be re-examined. An R+F based cash-flow tax based on the principle of destination has been...