Reuven S. Avi-Yonah (Michigan) has a new piece posted to SSRN, “Taxation and Deglobalization.” Here’s the abstract:

Since 2016, the world has been in the process of deglobalization, as evidenced by rising tariffs, limits on immigration, and the potential revival of exchange controls. The downsides of deglobalization are evident in an inflation surge, reduced economic output, and an increase in the likelihood of a global recession. Deglobalization, though, also presents opportunities: the phenomenon can make it possible to bolster social welfare programs with increased revenue from tariffs and reducing tax evasion among the rich. Instead of solving the trilemma among globalization, tax competition, and the social safety net through limits on tax competition, it can be solved through limits on globalization, which make it possible to raise taxes without risking erosion through tax competition and capital mobility.