One of the White House’s most ambitious foreign policy projects is establishing a global, minimum corporate tax rate. The proposal aims to lessen the ability of global corporations to “shop around” and prevent the “‘race to the bottom.’” The fledgling minimum tax proposal touches on various issues: the interests of smaller nations vis a vis their larger peers, American technology giants, and the Biden Administration’s plans to raise domestic tax rates to fund the administration’s ambitious economic and social policy bills.
This post was originally published on the Cardozo International & Comparative Law Review website on October 13, 2021. The original post can be accessed via the Archived Link button above.
Tan, Henry, "U.S. Proposal for Minimum Tax Rate" (2021). CICLR Online. 26.