International Corporate Tax Reform
Policy Papers, February 6, 2023
Source details
- Canonical URL
- International Corporate Tax Reform
Other formats
Bibliographic details
- Published: February 6, 2023
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9798400232558.007
Overview
- An ambitious reform was agreed at the Inclusive Framework (IF) on Base Erosion and Profit Shifting in 2021, with now 138 jurisdictions joining.
- The reform complements previous efforts to mitigate profit shifting by addressing:
- the challenges of the digitalization of the economy through a new allocation of taxing rights to market economies (Pillar 1), and
- tax competition through a global minimum corporate tax (Pillar 2).
Key findings and conclusions
- The agreement makes the international tax system more robust to tax spillovers.
- The agreement makes the international tax system better equipped to address digitalization.
- The agreement modestly raises global tax revenues.
Content in this bundle
- Policy Paper