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Governments are likely to seek out new ‘pockets’ to tax and may adopt more protectionist mentalities.
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The digital economy is an obvious target. Image: Shutterstock
The history of international taxation shows that tax tends to shift substantially after a major world event. The two world wars have been the most important catalysts for the development of international taxation, a recent report by Graphene Economics on cross-border tax notes.
In the report Keith Engel, CEO of the South African Institute of Tax Professionals (Sait), says that given the impact of Covid-19 on world economies, there is likely to be another shift in international taxation over the coming months and years. ....

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