[Joseph E. Stiglitz, Tommaso Faccio] Global minimum corporate tax needs more work
Jun 22, 2023
It has now been over two years since G-7 leaders announced a groundbreaking agreement to divvy up taxation of multinational corporations’ profits. That breakthrough followed years of fraught negotiations under the aegis of the OECD/G-20 Inclusive Framework, which then adopted the same agreement later that year. By establishing a 15 percent global minimum tax rate that companies would have to pay wherever they operate, the agreement aimed both to deter profit-shifting through tax havens an