The global corporate minimum tax and MNE home countries

Reuven S. Avi-Yonah

No 375, Columbia FDI Perspectives from Columbia University, Columbia Center on Sustainable Investment (CCSI)

Abstract: This Perspective explores the implications for the home countries of large MNEs of the agreement reached by over 140 countries in 2021 to enact a corporate minimum tax of 15%. It argues that the corporate minimum tax complements the trend to reduce the negative impact of unfettered globalization on labor, and it protects the ability of home countries to finance a robust social safety net. Home countries should adopt the corporate minimum tax, and that includes the US, which last year failed to adapt its Global Intangible Low-Taxed Income approach to the corporate minimum tax.

Date: 2024
New Economics Papers: this item is included in nep-acc, nep-int, nep-pbe and nep-pub
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:colfdi:283054

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