Join us for the next OMG Transatlantic Tax Talk on Tuesday 27 February @ 5pm GMT. Pierce O'Reilly Pierce O'Reilly and Ana Cinta Gonzalez Cabral Ana Cinta G. Cabral will present their paper 'The Global Minimum Tax and the taxation of MNE profit' Login details at oxfordtax.web.ox.ac.uk

Academic job alert!

I am recruiting two senior ERC postdoctoral fellowships.

4 year positions.

Quantitative scholar: my.corehr.com/pls/coreportal…

Qualitative scholar: my.corehr.com/pls/coreportal…

Please share widely to anyone who might be interested!

Interesting hearing ongoing on capital gains #taxation in 🇪🇺

Incredible presentation by Sarah Perret (OECD Tax), emphasizing limited evidence defending preferential capital gains taxation to promote savings & investments

Happy to hear OECD will intensify its work on this topic

Looking forward to talking tax Senate Budget Committee!

Great blog by my colleagues Verena Fritz & Claudia Vargas on carbon pricing in 🇿🇦🇵🇱🇲🇽:

The introduction of carbon pricing isn't a one-off reform. Prices will need to be raised/re-calibrated gradually. Smart spending of revenue can help build support.

blogs.worldbank.org/governance/les…

'Profit shifting of multinational corporations worldwide' is published by World Development: authors.elsevier.com/a/1iQA1,6yxDOf… In one of the most ambitious papers by fantastic Javier Javier Garcia-Bernardo (@[email protected]) and me, we identify the distributional consequences of profit shifting of multinationals. 1/9

🗣Join us for webinar exploring the impact of digitalisation & AI on workplaces!
Our speakers - U.Holtgrewe,ZSI Research Policy; Anna Milanez,OECD Social; Trine Pernille Larsen & Anna Ilsøe 👩‍💻🤝 ( #INCODINGproject & FAOS) - will share insight from case studies!
bit.ly/3Sd8t4h

5️⃣ In the analysis, revenue gains accrue to all income groups. Gains depend strongly on governments' implementation decisions and MNE behavioural responses. Jurisdictions not implementing the Global Minimum Tax may forego revenue.

4️⃣ Global corporate income tax (CIT) revenues are estimated to increase by between USD 155-192 billion or 6.5%-8.1% of CIT revenues annually, with one-third of these gains coming from reduced profit shifting.

3️⃣The global minimum tax is estimated to reduce differences in effective tax rates between jurisdictions, potentially improving the allocation of capital and increasing the importance of non-tax factors for investment decisions.

2️⃣ The GMT is estimated to reduce shifted profits substantially. The tax base in investment hubs is estimated to fall by about 30% due to reduced profit-shifting. This can be particularly beneficial for developing countries, typically more exposed to profit shifting.

1️⃣ The global minimum tax is estimated to reduce global low-taxed profit by about 80%; from 36% of all profit globally to about 7%. This reduction stems from both the reduction in profit shifting and the application of top-up taxes.

[OUT NOW] New analysis assesses the impact of the Global Minimum Tax on large MNEs low-taxed profit, profit shifting incentives, tax rate differentials & corporate tax revenues of large MNEs operating worldwide ➡️ oe.cd/5nF

Key highlights🧵⤵️

You can still register for tomorrow's webinar, where OECD experts will discuss the latest results regarding the impact of the Global Minimum Tax on the taxation of MNEs.

🗓️ 9 January 2024 🕒 15:00 CET

✍️📺➡️ oe.cd/eia-webinar

#GlobalMinimumTax

'56% of statistically significant results [in leading economics journals' were selected to be statistically significant. Selection bias is greater at the top five journals, where 66% of statistically significant results were selected to be statistically significant'

Ending another good year of strong collaboration with participating countries and partners to produce comparable revenue statistics for 127 economies around the globe!
See how your country’s #tax revenues and structure compare to others in our #OECD Global #RevStats Database

Awesome new working paper by Juliana Londoño-Vélez and my WB colleague Dario Tortarolo on how tax amnesty in Argentina revealed massive amounts of undeclared offshore assets!

documents1.worldbank.org/curated/en/099…

Research is great. I'll just work on this cool thing, have it done, and move to the next one.