Corporate Control and Exceptions to Minimum Corporate Taxation: A Step Toward Fairness or Financialisation?

Yuri Biondi (1)

1 IRISSO - Institut de Recherche Interdisciplinaire en Sciences Sociales

The European Commission is currently seeking to implement the OECD/G20 agreement on minimum corporate taxation, in view to ensuring a minimum effective tax rate on large multinational corporate groups and protecting the level playing field for business and society. In fact, the proposed ruling introduces scope exceptions for groups directly or indirectly controlled by governmental entities, non-profit organisations, and investment and pension funds. These scope exceptions may provide incentives for controlling parties to restructure the corporate group in view to avoid taxation, if the minimum effective tax threshold is constraining and material. Furthermore, it may provide a tax competitive advantage for groups controlled by those parties.

Keywords: tax avoidance global wealth chains multinational companies; tax avoidance; global wealth chains; multinational companies

Domains: Economics and Finance; Law

Yuri Biondi. Corporate Control and Exceptions to Minimum Corporate Taxation: A Step Toward Fairness or Financialisation?. Accounting, Economics and Law: A convivium, 2023, Accounting, Corporations and Tax Avoidance, 13 (4), ⟨10.1515/ael-2022-0054⟩. ⟨hal-03902527⟩