Tax Cooperation of BRICS States in Present Day Conditions

Abstract

The paper presents a perspective with regard to the development of tax relations between the BRICS member states, given the new balance of forces on the global scene and the policy of sanctions. The author analyzes the process of developing common approaches in the field of international taxation, transfer pricing, prevention of tax evasion and exchange of information within the framework of BRICS. The paper considers the principles of taxation enunciated in the BRICS documents, in particular, the principle that taxes should be levied in the jurisdiction where the economic activity is being carried out. Based on the results of the study, the author concludes that currently there are a lot of drawback in the field of modernization of existing rules of the Model Convention and determination of approaches to be applied for more close cooperation, including information cooperation, within the framework of tax administration.