A Critical Evaluation of the International Impact of the Global Minimum Tax

This study provides a critical evaluation of the global minimum tax within the framework of the so-called “two-pillar” solution, addressing in particular its distributional effects, through a reconceptualization of the harmful tax competition policy challenge as a collective action problem. In doing so, it juxtaposes the potential outcome of the two-pillar initiative to the international tax implications prospectively arising from the proposed US corporate tax reform.