Corporate Control and Exceptions to Minimum Corporate Taxation: A Step Toward Fairness or Financialisation?

Yuri Biondi

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Abstract: The European Commission is currently seeking to implement the OECD/G20 agreement on minimum corporate taxation, in view to ensuring a minimum effective tax rate on large multinational corporate groups and protecting the level playing field for business and society. In fact, the proposed ruling introduces scope exceptions for groups directly or indirectly controlled by governmental entities, non-profit organisations, and investment and pension funds. These scope exceptions may provide incentives for controlling parties to restructure the corporate group in view to avoid taxation, if the minimum effective tax threshold is constraining and material. Furthermore, it may provide a tax competitive advantage for groups controlled by those parties.

Keywords: tax avoidance global wealth chains multinational companies; tax avoidance; global wealth chains; multinational companies (search for similar items in EconPapers)
Date: 2023-12-01
New Economics Papers: this item is included in nep-acc, nep-eur, nep-pbe and nep-pub
Note: View the original document on HAL open archive server: https://hal.science/hal-03902527v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Accounting, Economics and Law: A convivium, 2023, Accounting, Corporations and Tax Avoidance, 13 (4), ⟨10.1515/ael-2022-0054⟩

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Journal Article: Corporate Control and Exceptions to Minimum Corporate Taxation: A Step Toward Fairness or Financialisation? (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03902527

DOI: 10.1515/ael-2022-0054

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