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