Tesco
International Corporate Tax Reform
Report

International Corporate Tax Reform

IMF Staff Team
IMF, 2023
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Editorial Rating

7

Qualities

  • Analytical
  • Background
  • For Experts

Recommendation

World leaders are fundamentally retooling the international tax framework to address the modern digital economy, as well as the intense tax rate competition between nations and the dominant role of multinationals in the global economy. Policy officials in 138 countries have agreed to a new architecture that focuses on taxation within countries and the setting of a minimum global corporate levy. International Monetary Fund staff members explain the new structure and its implications for worldwide business, economic growth and tax revenue in this informative reference guide.

Take-Aways

  • Policy officials around the world are working to modernize the global tax code.
  • The tax reforms proposed involve a minimum corporate tax and higher levies on the largest multinationals.
  • The new tax regime should significantly reduce profit shifting and generate substantial revenue.

About the Author

The International Monetary Fund advises member nations on policy issues and works to promote economic stability and well-being.

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