Analyze This! Global Corporate Minimum Tax

For many years, multinational companies have been shifting profits to countries where tax rates are low. In response, countries have been undercutting each other’s tax rates in a ‘race to the bottom’ on corporate tax rates to attract those profits. It has reduced their ability to fund necessary public investments. The IMF backs a plan put forward by the biggest countries to set a global corporate minimum tax, leveling the playing field and raising revenues available. Book available here: