Causes and Impacts of Global Minimum Tax
DOI:
https://doi.org/10.54097/ehss.v1i.658Keywords:
BEPS, Digitalisation of Economy, Pillar Two, Global Minimum Tax.Abstract
To address remaining Base Erosion and Profit Shifting problems and challenges arising from the digitalisation of the economy, the OECD conceives an inclusive framework on the Two-Pillar approach, in which Pillar Two envisages a global minimum tax, also known as Global Anti-Base Erosion Rule, setting a floor for enterprises’ tax-avoidance structures and jurisdictions’ tax race to the bottom. This essay adopts study methods of literature review, case study, and data analysis, trying to make a comprehensive study on the causes, concrete rules, and potential impacts of the global minimum tax thus providing ideas for its implementation.
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