The good, the bad and the ugly of the global tax reform deal
The agreement only very partially solves the problem of profit shifting. Too few multinational corporations are included. Even with a minimum rate, most corporate profit will still be taxed according to the residence principle.
Martin Sandbu
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Let us not be too curmudgeonly: the agreement by 130 countries to reform international corporate taxation is a big moment. It is not often that a global near-consensus is reached on something with such concrete consequences.
Yet while congratulations are in order, the outcome is mixed at best. Here is the good, the bad and the ugly of the reform.
The pros, cons, and ugliness of the global tax reform agreement
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Global tax deal faces challenges of detail, implementation and holdouts
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