4/14 Pillar Two aimed to ensure 15% minimum tax rate on multinational profits everywhere—ending harmful tax competition between countries.

The race to the bottom didn't generate new investment; it just let rich corporations pocket savings from paying no taxes.
#TaxCompetition #MultinationalTax

Does tax competition tame the Leviathan? We study the impact of tax competition on equilibrium taxes and welfare, focusing on the jurisdictional fragmentation of federations. In a representat…

💰In collaboration with @mariusbrulhart.bsky.social, Mario explored the impact of #TaxCompetition on equilibrium taxes and welfare in "Does tax competition tame the Leviathan?", published in the #JournalOfPublicEconomics.

🔍 Check it out here: sciencedirect.com/science/arti...