LEAMAN, J. and WARIS, A., 2013. Why tax justice matters in global economic development. In: Leaman, J. and Waris, A. (eds.). Tax justice and the political economy of global capitalism, 1945 to the present. Oxford: Berghahn, pp. 1-16.
The concept of tax justice has become a part of social and political currency
in recent years. It reflects an increased awareness of the centrality of taxation
to the affairs of the individual state – as a fiscal jurisdiction – and to the
relationship between states within the global political economy. It has arguably
moved up the agenda of the powerful block of developed states in the
wake of the global crises which erupted in 2008 and which exposed the fiscal
vulnerability of those states to the costs of structural and cyclical crisis management.
Substantial budget deficits and growing accumulated sovereign debt
have alerted the leaders of the major G8 states and of other OECD countries
to the fundamental problem of maintaining the supply of public goods over
time against the background of increased military expenditure, stagnating or
dwindling revenues and increasing debt- servicing costs.