The US Threat to Progress on Tax Multilateralism

By the end of 2024, considerable progress had been made towards the construction of a comprehensive multilateral architecture for corporate taxation. 

This shift was initiated through intergovernmental negotiation at the OECD, where countries reached a consensus on a global minimum tax (GloBE) in 2021. In 2024, global negotiations started on an inclusive United Nations Framework Convention on International Tax Cooperation (FCITC)...