TaxProf Weblog

The Tax Coverage Heart hosts a digital convention on World Company Tax Reform: Why It’s Essential and What It Will Do (And Not Do) in the present day at 10:30 a.m. – 12:00 p.m. EDT (registration): 

Within the fall of 2021, the U.S. and over 130 nations representing greater than 90 % of world GDP agreed to vary the best way multinational companies are taxed. Treasury Secretary Janet Yellen says the two-pillar OECD/G-20 Base Erosion and Revenue Shifting (BEPS) settlement will finish the “damaging race to the underside on company taxation” that every 12 months deprives international locations of billions of {dollars} in tax income.  Pillar 1 will for the primary time allocate a share of the biggest multinationals’ income to international locations the place their items are consumed. Pillar 2 will fight tax competitors by encouraging international locations to undertake a worldwide minimal tax on companies’ overseas revenue at a fee of 15 %.

On Friday, April 15, the Hutchins Heart on Fiscal & Financial Coverage and the City-Brookings Tax Coverage Heart will host an occasion to clarify the importance of the settlement; the way it will have an effect on multinational companies, superior economies, and creating economies; and the prospects for its implementation.

Through the dwell occasion, the viewers might submit questions at slido utilizing the code #GlobalTax or be a part of the dialog on Twitter utilizing the hashtag #GlobalTax.

Audio system:

• Lily L. Batchelder (U.S. Treasury)
• Dhammika Dharmapala (Chicago; Google Scholar)
• Lilian Faulhaber (Georgetown; Google Scholar)
• Alexander Klemm (IMF; Google Scholar)
• Pam Olson (PwC) 
• David Wessel (Brookings Establishment)