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TACN 4 Unit 5
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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.
 
friend-shoring
 
embargo
 
austerity
 
diversification
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.
 
legislative
 
regulatory
 
diplomatic
 
infrastructural
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.
 
revenue mobilisation
 
austerity
 
deregulation
 
privatization
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.
 
beset
 
propelled
 
consolidated
 
heralded
To avoid being _______ by salespeople, she took a less frequented path through the market, hoping to shop in peace.
 
waylaid
 
elevated
 
liberated
 
dispatched
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.
 
welcomed
 
beset
 
waylay
 
scupper
Despite the _______ agreement on the tax reform, skeptics question whether it will lead to meaningful changes in the tax practices of multinational enterprises.
 
tentative
 
beset
 
waylay
 
scupper
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.
 
fiscal
 
revenue mobilisation
 
tax haven
 
digital service
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.
 
implementation
 
planning
 
development
 
negotiation
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.
 
barrier
 
multitude
 
consensus
 
obstacle
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.
 
clash
 
convergence
 
patchwork
 
ratification
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.
 
ratification
 
collaboration
 
clash
 
adaptation
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