What is Global Minimum Tax?

Multinational corporations worldwide are facing increasing frustration from critics who say they use a cocktail of loopholes such as profit shifting, deductions, and credits to avoid paying their fair share of taxes. As consensus grows, an unprecedented idea emerged: a global minimum tax floor of 15 percent that would apply to the world’s largest multinational corporations. The change could bring a massive increase in revenue for governments around the world. But this effort would require remarkable international cooperation, and the U.S. midterm elections and unfolding changes in Europe could prevent governments from unifying behind the idea.
This episode was originally released by Why It Matters on April 14, 2022.
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Host
Gabrielle Sierra
Podcast Host and Senior Producer
Episode Guests
Richard Rubin
U.S. Tax Policy Reporter, Wall Street Journal
Shu-Yi Oei
Professor, Boston College Law School
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