GloBE: Why a Nominal Tax Rate of More Than 15% Might Not Be Enough

Kasper Dziurdz; Christoph  Marchgraber

doi:10.59403/add02x

GloBE: Why a Nominal Tax Rate of More Than 15% Might Not Be Enough

Kasper Dziurdz
, Christoph Marchgraber

Research output: Contribution to journal › Article › Academic

Abstract

This article explains why the effective tax rate for the purposes of the Global Anti-Base Erosion (GloBE) rules may deviate from the nominal corporate income tax rate and fall below 15%, even in high-tax jurisdictions. It further addresses the (non-)application of the substance-based income exclusion in loss situations.

Original language	English
Pages (from-to)	510-520
Number of pages	11
Journal	Bulletin for International Taxation
Volume	76
Issue number	11
DOIs	https://doi.org/10.59403/add02x
Publication status	Published - Nov 2022
Externally published	Yes

JEL classifications

k34 - Tax Law

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abstract = "This article explains why the effective tax rate for the purposes of the Global Anti-Base Erosion (GloBE) rules may deviate from the nominal corporate income tax rate and fall below 15\%, even in high-tax jurisdictions. It further addresses the (non-)application of the substance-based income exclusion in loss situations.",

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GloBE: Why a Nominal Tax Rate of More Than 15% Might Not Be Enough

Abstract

JEL classifications

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