Taxing Multinationals - The GloBE Proposal for a Global Minimum Tax
Reproduced with permission. Published Dec 6, 2019 in Bloomberg Tax Daily Tax Report. Copyright R 2019 The Bureau of National Affairs, Inc. 800- 372-1033. Forthcoming Tax Management International Journal Jan 2020
10 Pages Posted: 30 Dec 2019
Date Written: December 6, 2019
The 135 member countries in the OECD/G20 Inclusive Framework on BEPS are considering the adoption of a global minimum corporate income tax for taxing multinationals as part of the Pillar Two (GloBE) proposals for taxing the digital economy. This article provides a detailed analysis of the global minimum tax proposal, discusses its benefits and costs, and provides policy recommendations.
Keywords: transfer pricing, OECD, Pillar Two, BEPS, GloBE, global minimum tax, digital economy
JEL Classification: F23, H25, H26, K34, K420, K330, L11
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