TAX "VETO" AS A SPECIAL JURISDICTIONAL AND SUBSTANTIVE ISSUE IN INVESTOR-STATE ARBITRATION: NEED FOR REASSESSMENT?

Despite the evolving nature of the global economy and the role of the state from the "nation-states" (Westphalia) into "market-states" with emphasis on privatization of hitherto state activities and competitive markets, which entail more external disciplines on state power especi...

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Bibliographic Details
Main Author: Kolo, Abba (author)
Published: 2009
Online Access:https://bspace.buid.ac.ae/handle/1234/3189
https://heinonline.org/HOL/LandingPage?handle=hein.journals/sujtnlr32&div=25&id=&page=
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Summary:Despite the evolving nature of the global economy and the role of the state from the "nation-states" (Westphalia) into "market-states" with emphasis on privatization of hitherto state activities and competitive markets, which entail more external disciplines on state power especially in the areas of trade, invest- ment, and human rights,1 most governments still viewed taxa- tion as a central element of sovereignty and so are reluctant to accept extensive or heightened international disciplines on their taxing powers.2