Share TACN 4 Unit 5
Save to Folder
After the initial _______ between member states, the economic union finally reached a consensus on the new fiscal policy, aiming to implement a more equitable tax system for digital companies.
collaboration
ratification
adaptation
clash
To avoid the economic instability caused by a _______ of interests, nations engaged in friend-shoring sought to build robust trade networks that were less susceptible to geopolitical tensions.
convergence
ratification
clash
patchwork
The international treaty aimed at creating a fair digital tax system was finally signed after years of negotiations, overcoming a significant _______ of dissenting opinions and logistical hurdles.
multitude
consensus
obstacle
barrier
Despite initial enthusiasm, the proposed economic reform faces significant hurdles in its _______ stage, requiring more detailed analysis and possibly revisions to gain full approval from all stakeholders.
planning
development
negotiation
implementation
The proposal for a global minimum corporate tax rate is seen as a crucial step towards ending the race to the bottom in _______ competition, ensuring that all countries can benefit from fair tax practices.
tax haven
revenue mobilisation
digital service
fiscal
Despite the _______ agreement on the tax reform, skeptics question whether it will lead to meaningful changes in the tax practices of multinational enterprises.
waylay
beset
scupper
tentative
Although initially _______ by many countries, the implementation of the OECD's landmark tax deal has been slower than expected, highlighting the complexities of global consensus-building.
waylay
scupper
beset
welcomed
To avoid being _______ by salespeople, she took a less frequented path through the market, hoping to shop in peace.
waylaid
liberated
dispatched
elevated
The debate team's preparation was _______ by a series of unfortunate events, including the loss of their primary evidence folder and the sudden illness of their captain.
consolidated
heralded
beset
propelled
In the wake of the economic downturn, the government's _______ strategies included increasing taxes on luxury goods and cracking down on tax evasion to boost public coffers.
austerity
privatization
revenue mobilisation
deregulation
The challenge of achieving a consensus among diverse economies highlights the complexity of _______ reforms that address the tax challenges posed by the digitalization of the global economy.
infrastructural
regulatory
diplomatic
legislative
In an effort to reduce dependencies on potentially hostile geopolitical regions, many nations are considering _______ as a strategy, aiming to build stronger economic ties with friends and allies.
austerity
embargo
diversification
friend-shoring
