Potential Response to GloBE: Domestic Minimum Taxes In Countries Affected by the Global Minimum Tax

102 Tax Notes International 943 (2021)

6 Pages Posted: 16 Jun 2021

See all articles by Noam Noked

Noam Noked

The Chinese University of Hong Kong (CUHK) - Faculty of Law

Date Written: March 2021

Abstract

In this article, the author examines the OECD’s global anti-base-erosion (GloBE) proposal and recommends that countries consider adopting a domestic minimum tax that would apply to the income that would otherwise be taxed under GloBE. He argues that a domestic minimum tax modeled after GloBE would not materially affect the overall tax liability of multinationals or create additional complexity, and it would help countries whose primary taxing rights might be eroded by GloBE.

Keywords: Global Minimum Tax, GloBE, BEPS, BEPS 2.0, Pillar Two, Pillar 2, Inclusive Framework, Domestic Minimum Tax, Tax Havens, Low Tax Jurisdictions, Tax Incentives

JEL Classification: K34

Suggested Citation

Noked, Noam, Potential Response to GloBE: Domestic Minimum Taxes In Countries Affected by the Global Minimum Tax (March 2021). 102 Tax Notes International 943 (2021), Available at SSRN: https://ssrn.com/abstract=3867032

Noam Noked (Contact Author)

The Chinese University of Hong Kong (CUHK) - Faculty of Law ( email )

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Shatin, New Territories
Hong Kong, Sha Tin
Hong Kong

HOME PAGE: http://www.law.cuhk.edu.hk/app/people/prof-noam-noked/

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