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International Tax Competition and Coordination with A Global Minimum Tax

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  • Michael P. Devereux

Abstract

This paper investigates the incentives for countries to implement and maintain the global minimum tax introduced by the G20/OECD’s Inclusive Framework 2021 agreement: Pillar 2. It argues that the agreement has sufficient elements to create incentives for large headquarters countries to implement it. Conditional on them doing so, there is an incentive for host countries to follow suit. The agreement would put a significant floor on tax competition. However, there are caveats to this argument in terms of complexity and the incentive to maintain some provisions that are likely to raise little revenue.

Suggested Citation

  • Michael P. Devereux, 2023. "International Tax Competition and Coordination with A Global Minimum Tax," National Tax Journal, University of Chicago Press, vol. 76(1), pages 145-166.
    • Handle: RePEc:ucp:nattax:doi:10.1086/723198
    DOI: 10.1086/723198
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    Cited by:

    1. Bührle, Anna Theresa & Nicolay, Katharina & Spengel, Christoph & Wickel, Sophia, 2023. "From corporate tax competition to global cooperation? Trends, prospects and effects on German family businesses," ZEW Discussion Papers 23-027, ZEW - Leibniz Centre for European Economic Research.
    2. Andreas Hauer & Hayato Kato, 2024. "A Global Minimum Tax for Large Firms Only: Implications for Tax Competition," Discussion Papers in Economics and Business 24-06, Osaka University, Graduate School of Economics.
    3. David R. Agrawal & James M. Poterba & Owen M. Zidar, 2024. "Introduction to "Policy Responses to Tax Competition"," NBER Chapters, in: Policy Responses to Tax Competition, National Bureau of Economic Research, Inc.
    4. Priyaranjan Jha & Rahul Mukherjee, 2023. "Global Taxation and National Welfare States," CESifo Working Paper Series 10522, CESifo.
    5. Michael P. Devereux & Johanna Paraknewitz & Martin Simmler, 2023. "Empirical evidence on the global minimum tax: what is a critical mass and how large is the substance‐based income exclusion?," Fiscal Studies, John Wiley & Sons, vol. 44(1), pages 9-21, March.
    6. David R. Agrawal & Jan K. Brueckner & Marius Brülhart, 2024. "Fiscal Federalism in the 21st Century," CESifo Working Paper Series 10951, CESifo.
    7. David R. Agrawal & James M. Poterba & Owen M. Zidar, 2024. "Policy Responses to Tax Competition: An Introduction," NBER Working Papers 32090, National Bureau of Economic Research, Inc.

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