{
  "title": "International Corporate Tax Reform",
  "publication": "Policy Papers, February 6, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2023/02/06/international-corporate-tax-reform-529240",
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  "summary": "To relieve the pressure on the outdated international corporate tax system, an ambitious reform was agreed at the Inclusive Framework (IF) on Base Erosion and Profit Shifting in 2021, with now 138 jurisdictions joining.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- An ambitious reform was agreed at the Inclusive Framework (IF) on Base Erosion and Profit Shifting in 2021, with now 138 jurisdictions joining.\n- The reform complements previous efforts to mitigate profit shifting by addressing:\n  - the challenges of the digitalization of the economy through a new allocation of taxing rights to market economies (Pillar 1), and\n  - tax competition through a global minimum corporate tax (Pillar 2)."
    },
    {
      "heading": "Key findings and conclusions",
      "content": "- The agreement makes the international tax system more robust to tax spillovers.\n- The agreement makes the international tax system better equipped to address digitalization.\n- The agreement modestly raises global tax revenues.\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2023/02/06/international-corporate-tax-reform-529240"
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    "Published: February 6, 2023",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9798400232558.007",
    "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 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.",
    "**Policy Paper**"
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