4 - Pax Americana, Cold War and Decolonisation

Summary

The changed and changing global political economy and institutional order of the first postwar decade leads the envisaged workings of the Fiscal Commission and its secretariat arm, the Fiscal Division, even further away from the League’s practices. These geopolitical shifts would bear upon every global concern and the institutional machinery governing the international economic and political order, impacting not just the UN’s capacity for international tax coordination but also international financial flows. With foreign direct investment becoming the main source of financing for developing countries, double taxation questions in turn become enmeshed in serving development objectives.