G20 Economic Coordination and the Rule of Law: A Case of Taxation

Abstract:

The G20 has emerged as a key informal forum of global economic governance after the economic crisis of 2008. The paper argues that the rule of law aspect of the G20 economic policy coordination is a limited one. It is mainly due to the fact that the economic policy coordination, such as macroeconomic, monetary or financial services, focuses primarily at the target of public good rather than at the rule of law.

Emergence of a tax evasion coordination at G20 level creates a specific case of economic policy coordination. It targets multilateral coordination of taxation – a policy which is subject to national sovereignty. The paper analyses the rule of law impact of the tax policy guidance of G20 for the G20 members and others, through the channels of existing international organisations and beyond.