Global production and the crisis of the tax state
Bibliographic Data
| ID | 4139601 |
|---|---|
| Authors | Clair Quentin (0000-0002-4554-7291, King’s College London, London, United Kingdom, corresponding author) |
| Year | 2024 |
| Volume | 56 |
| Issue | 8 |
| Pages | 2196-2212 |
| Publication date | 2024-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0308518x221105083 |
| OpenAlex | W4281758448 |
| Language | EN |
| Citations received | 5 |
| References cited | 45 |
This article combines a fiscal sociology framing with value theory in the classical tradition to yield a composite lens through which to examine the relation between Global Value Chains, Global Wealth Chains and the tax state. It has specific regard to the ongoing crisis of tax states globally, as corporate profits go undertaxed. In summary, the argument is as follows. Although capital and the state are both primarily in the business of capturing value from Global Value Chains indirectly (i.e. otherwise than through ownership of means of material production), labour in Global Wealth Chains has a dual role of (i) suppressing the profitability associated with material production in favour of returns from intangibles and (ii) suppressing the corporate tax take. It therefore simultaneously constitutes capital's instrument of value capture, and its instrument of supremacy in its contestation with the state over the proportion in which value capture is shared between the two. Better-paid labour associated with value capture on the part of capital (i.e. better paid Global Wealth Chain labour) is predominantly located in wealthier states, giving those states an alternative source of revenue and consequently giving them a reason for maintaining a global order in which capital has supremacy over them in the contestation over value capture from Global Value Chains. Further, these dynamics are in a feedback loop which serves as a countervailing tendency staving off a structural crisis of capitalism, and that feedback loop is a core driver for today's crisis of tax states
Capitalism · Economic system · Economics · Market economy · Political science · Profitability index · Global trade, sustainability, and social impact · Labor Movements and Unions · Law · Taxation and Compliance Studies · Finance
Capitalism
The Fiscal Crisis of the State
Productive and Unproductive Labor in the Labor Theory of Value
The Commodification of Knowledge and Information
State expenditure from a Marxist perspective
The State and Fiscal Sociology
On the Theory of Monopoly Capitalism
Measuring Smile Curves in Global Value Chains
Intellectual monopoly in global value chains
Radical Political Economy
Value and Unequal Exchange in International Trade
Global production networks
Rents, Power and Governance in Global Value Chains
Globalization and the transformation of the tax state
The new politics of global tax governance
Global wealth chains in the international political economy
The governance of global value chains
Imperialist appropriation in the world economy
Is Marx’s Theory of Profit Right? The Simultaneist-Temporalist Debate
Global Commodity Chains and the Marxian Law of Value
Exploitation, international taxation, and global justice
Imperialism in the Twenty-First Century
The Geographical Transfer of Value
Global inequality chains
Beyond rentiership
Taxes and Fiscal Sociology
| Unique citing works | 5 |
|---|---|
| Citations per year | 2,5 |
| Citation span | 2024 - 2025 (2) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 5 |