+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

The new minimum corporate tax impact on the world economy deoffshorization

Vol. 28, Iss. 5, MAY 2022

Received: 22 March 2022

Received in revised form: 5 April 2022

Accepted: 19 April 2022

Available online: 30 May 2022

Subject Heading: FISCAL SYSTEM

JEL Classification: F53, H26

Pages: 1197–1208

https://doi.org/10.24891/fc.28.5.1197

Ekaterina Yu. TRIGUB Financial University under Government of Russian Federation, Moscow, Russian Federation
ekatrigub@mail.ru

https://orcid.org/0000-0002-0743-8203

Subject. This article studies the impact of the new minimum corporate tax on the deoffshorization of the global economy.
Objectives. The article aims to explore the impact of one of the new anti-offshore measures, namely the introduction of a global minimum corporate income tax rate, on the parties concerned.
Methods. For the study, I used logical, statistical, and comparative analyses.
Results. The article describes the positive and negative economic effects of the introduction of a minimum corporate tax rate, which will affect both the activities of multinational companies and offshore jurisdictions.
Relevance. The study can help public authorities and other interested parties assess the effect of the introduction of an up-to-date deoffshorization measure in advance, that is, before the relevant provisions come into effect.

Keywords: deoffshorization, automatic exchange of information, AEOI, capital outflow, corporate income tax, multinational company

References:

  1. Hebous S. Global Firms, National Corporate Taxes: An Evolution of Incompatibility. IMF Working Papers, September 4, 2020, no. 20/178, 27 p. URL: Link
  2. Tørsløv T.R., Wier L.S., Zucman G. The Missing Profits of Nations: 2018 Figures. NBER Working Paper, 2018, no. 24701. URL: Link
  3. Garcia-Bernardo J., Janský P. Profit Shifting of Multinational Corporations Worldwide. ICTD Working Paper, 2021, no. 119, 72 p. URL: Link
  4. Sargsyan L.M. [Structure of the international anti-offshore regulation system: Current state and prospects]. Vestnik Moskovskogo universiteta. Seriya 25: Mezhdunarodnye otnosheniya i mirovaya politika = Moscow University Bulletin of World Politics, 2016, vol. 8, no. 2, pp. 31–54. URL: Link (In Russ.)
  5. Kheifets B.A. Ofshornye yurisdiktsii v global'noi i natsional'noi ekonomike [Offshore jurisdictions in the global and national economies]. Moscow, Ekonomika Publ., 2008, 334 p.
  6. Gadžo S., Klemenčić I. Effective International Information Exchange as a Key Element of Modern Tax Systems: Promises and Pitfalls of the OECD's Common Reporting Standard. Public Sector Economics, 2017, vol. 1, iss. 2, pp. 208–226. URL: Link
  7. Clausing K.A., Saez E., Zucman G. Ending Corporate Tax Avoidance and Tax Competition: A Plan to Collect the Tax Deficit of Multinationals. UCLA School of Law, Law-Econ Research Paper, 2021, no. 20-12. URL: Link
  8. De Mooij R.A., Klemm A.D., Perry V.J. Corporate Income Taxes under Pressure: Why Reform Is Needed and How It Could Be Designed. IMF, 2021, 388 p. URL: Link
  9. Pogorletskii A.I. [Tax reform in the USA: global consequences and possible impact on the Russian tax policy]. Izvestiya Dal'nevostochnogo federal'nogo universiteta. Ekonomika i upravlenie, 2018, no. 2, pp. 55–67. (In Russ.) URL: Link
  10. Barake M., Chouc P.-E., Neef T., Zucman G. Revenue Effects of the Global Minimum Tax: Country-by-Country Estimates. EU Tax Observatory, 2021, 33 p. URL: Link

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 28, Iss. 11
November 2022

Archive