Global Markets

The twenty-first century has seen accelerated economic growth in countries around the world, ushering in an era of economic multipolarity. CSIS experts provide in-depth analysis on the domestic markets of foreign nations such as India and China and their global implications.

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Photo: Waldo Swiegers/Bloomberg via Getty Images

Photo: Waldo Swiegers/Bloomberg via Getty Images

Insights into the “Pay Now, Argue Later” Mechanism

The “pay now, argue later” tax administration scheme requires taxpayers to settle tax obligations before filing a complaint, which can introduce uncertainty and financial strain for investors, potentially discouraging both expansion and long-term investment.

Report by William Alan Reinsch and Thibault Denamiel — May 20, 2026

Past Events


Experts


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Phil Luck
Director, Economics Program and Scholl Chair in International Business
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Scott Kennedy
Senior Adviser and Trustee Chair in Chinese Business and Economics
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Ilaria Mazzocco
Deputy Director and Senior Fellow, Trustee Chair in Chinese Business and Economics
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Hugh Nolan Grant-Chapman
Fellow, Economics Program and Scholl Chair in International Business