The Conversation Weekly The 15% solution part 2: can a global tax make the world fairer?
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Jun 6, 2025 Mend Mariwany, a producer for The Conversation Weekly, teams up with Martin Hearson, a research fellow at the Institute of Development Studies specializing in global tax negotiations. They delve into the groundbreaking agreement requiring multinational companies to pay at least 15% in corporate tax. The conversation highlights the challenges of implementing this tax framework and the historical context of global tax governance. They discuss the implications for lower-income countries and the growing influence of the UN in reshaping international tax decision-making.
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Goal of the Global Minimum Tax
- The global minimum tax aims to end the race to the bottom where countries compete by lowering tax rates.
- Multinational companies shifting profits to low-tax countries deprive nations of revenue for public services.
OECD Takes Lead on Tax Rules
- The OECD became the key global tax rulemaker after the UN failed to build consensus.
- Since the 1990s, the international tax debate has intensified with more politicization and focus on tax avoidance.
OECD Launches BEPS Project
- Tax avoidance using offshore havens surged with globalization in the 1990s, raising alarm among rich countries.
- OECD launched the BEPS project in 2013 to curb aggressive tax avoidance by multinational corporations.