Why Are Countries Pushing for a Global Minimum Tax?

Why Are Countries Pushing for a Global Minimum Tax?

March 17, 2022 7:46 pm (EST)

Why Are Countries Pushing for a Global Minimum Tax?
Explainer Video

More on:

Labor and Employment

International Economics

Fiscal Policy

A global tax agreement has been signed by 136 countries that will require corporations to pay a minimum tax rate of 15 percent. The deal would end decades of competition between governments to attract foreign investment. Here’s why some economists are pushing for the reform and why others support lower corporate taxes.

More on:

Labor and Employment

International Economics

Fiscal Policy

Close

Top Stories on CFR

Middle East and North Africa

Turkey’s geography and membership in NATO have long given the country an influential voice in foreign policy, but the assertive policies of President Erdogan have complicated its role.

Religion

For the past two thousand years, the pope has been a major player in global affairs. He is frequently called upon to act as a peace broker, a mediator, an advocate, and an influencer; and with over 1.3 billion followers around the world, the pope and his governmental arm, the Holy See, have the power to shape the future. How has the pope's power changed over time, and what is his role today?  

Public Health Threats and Pandemics

Opioid addiction in the United States has become a prolonged epidemic, endangering not only public health but also economic output and national security.