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Michael Keen on Adapting Old Tax System to New Economy

July 9, 2019

Digitalization is putting added pressure on international tax system. (iStock by Getty images)

International corporate tax avoidance is a growing concern for both advanced economies and low-income countries. The changing nature of the global economy–notably increasing digitalization, in some cases, is making it easier for firms to shift profits to low-tax countries. Michael Keen is a Deputy Director in the IMF's Fiscal Affairs Department, and in this podcast he says the international tax system is under unprecedented stress. Keen was a lead author of a recent IMF policy paper that sets out the current state of the international corporate tax system and explores ways to address some of its shortcomings.

Michael Keen is a Deputy Director and in the IMF's Fiscal Affairs Department.