OVERVIEW OF INTERNATIONAL TAX COMPETITION
OVERVIEW OF INTERNATIONAL TAX COMPETITION

Summary/Abstract: The relevance of this study is due to the rapid changes in the economies of countries associated with the processes of globalisation. In the conditions of huge global competition by states in various industries and using every available method, all possible advantages of the country, including the level of its taxes, tax policy, begin to play a huge role. The extent to which a country can afford to be open in the international arena in terms of tax collections considerably affects its position in the world, especially for investors and multinational corporations (hereinafter referred to as MNCs). The purpose of the study is to determine the state of international tax competition, the features of tax competition in the countries of the world, and to consider the existing problems in tax competition, including those related to the existence of offshore companies; a separate purpose is to review the competitiveness of Azerbaijan and draw conclusions about the tax competitiveness of this country. The main methods used in the study are historical and analysis. The study provides a brief analysis of the main features of the tax policy of advanced countries, the features of the functioning of offshore companies are considered. Based on the results obtained and historical data on the evolution of the tax code of countries and objectively positive and negative aspects of the policy of each of the states, conclusions are drawn about the main signs of a competent tax policy. A comparative review of the data obtained from developed countries with Azerbaijan is conducted, the situation with the country's tax policy is described, possible methods of improving the situation by the state and the prospects of the country are indicated. The study will be useful for the development of tax policy in Azerbaijan and national policy in general; for improving the awareness of the situation with tax competition in the advanced countries of the world; for a better understanding of the modern economy of Azerbaijan; for students studying tax policy issues; for authors who cover related subjects in their papers.

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