Rethinking corporate taxation in a globalised economy

The need to step up coordination around corporate taxation has returned to the forefront in recent years. The underlying article discusses the OECD approach to rethink the international corporate tax framework: the main elements of the two-pillar solution, the resulting tax revenue and other economic effects are discussed as well as some other -more general- reflections on its blueprint. All in all, the article argues that the two-pillar solution will effectively deliver what it was designed to do i.e., to reduce tax competition between countries, to reinstate the link between the place where taxes are paid and the place where value is created and to ensure that large multinationals pay their fair share of tax.