Minimum multinational taxes do not end tax sales | The economy
When the rules change, the game will re -open. It has experienced a deep transformation in recent years, recent milestone in corporate taxes Minimum 15% tax for large multinational corporations. The agreement has not been published, its range world – they have shut down more than 130 countries – and if its implementation, if effective, estimates the brake in the race between the states to reduce the nominal type of the company’s tax, which has intensified in recent decades. But, rather than referring to the end of the economic ability between countries, a mutation towards new people, such as R&D incentives or measures to reduce the tax base of the tax, warns the EU Economic Observatory.
The agency’s note states that “the world’s minimum tax implementation is likely to accelerate the transformation of tax policies to reduce the tax base. Countries inside and outside Europe have reformed their incentive system to adopt the world’s minimum tax.” This includes the main resolutions of the study Decrease in tax types of multinational corporations: The hidden character of the reforms of the tax baseResearchers are made by Jules for the fake and Sarah Godar.
The report analyzes 300 tax changes executed by EU member states between 2014 and 2022, most of which are targeted Reduce the corporation tax. During this period, the average effective type of large multinationals paid on their net benefit was 2.7 percent points, which were reduced from 20.8% to 18.1%. This decrease is more than the legal type of sales, which have been reduced to 25% in Spain and an average of two points in the EU, from 23% to 21%.
The difference in the evolution of fees is not only due to the cutting of legal fees. The authors believe that the reforms of the tax base, that is, the tax calculated accounting, references to the reforms undertaken: 254 actions, 86%. It has been against the long -awaited recommendations that international organizations have been launched, focusing on expanding tax bases as much as possible and reducing types instead of increasing exceptions and incentives.
Most versions are connected to special regime Industrial policy goals: Attract investment, increase R&D activities or give priority to the benefits obtained from intellectual property. “These regime can promote growth and innovations in member states. However, they intensify the economic efficiency between them, which will reiterate investments and interests from one member state to another without a real economic impact.”
Although they are relieved in corporate taxes, it also agree that European countries have also taken action against taxing.
Exceptions
In 2021, more than 130 countries promised to implement a 15% type for larger multinational corporations, which would invest over 750 million euros. This number and the outcome of this number and the outcome of the OECD and G -20s, known as Pillar 2, aimed at determining the minimum effective tax to transfer their interests to lower or tax -levied economy.
The agreement includes security mechanisms so that the minimum tax will be applied although some countries have dropped out of the contract –One of all: Donald Trump’s America-, but also provides incentives that are considered “favorable” with the spirit of version Patent boxes (Deductions for investigation and development) or tax credits. In addition, it allows states to introduce a minimum complementary national tax if the exceptions and benefits are accepted for multinational corporations that work in their territory, thereby this 15% land is collected internally and does not escape the other jurisdiction.
“The minimum global tax still leaves the room for the financial competition,” he ended the document. “In order to reduce the tax base, the transformation of tax policies of the tax policies and the expansion of the tax base, and the analysis, nations are likely to intensify with rebuilding their incentive regime to adopt the minimum global tax.” In other words, the race continues in other forms.
