The IMF has published a working paper entitled Deciphering the GloBE in a Low-Tax Jurisdiction.
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1. Introduction
The ongoing widespread adoption of a minimum effective rate of corporate tax under the Inclusive Framework agreement is changing the rules of tax competition, to some degree limiting it with important ramifications for zero-tax or low-tax jurisdictions. Questions arise as to whether the minimum corporate tax rate can be set so that all countries, including low-tax jurisdict…