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This Perspective explores the implications for the home countries of large MNEs of the agreement reached by over 140 countries in 2021 to enact a corporate minimum tax of 15%. It argues that the corporate minimum tax complements the trend to reduce the negative impact of unfettered globalization on labor, and it protects the ability of home countries to finance a robust social safety net. Home countries should adopt the corporate minimum tax, and that includes the US, which last year failed to adapt its Global Intangible Low-Taxed Income approach to the corporate minimum tax.


Reuven Avi-Yonah, ‘The global corporate minimum tax and MNE home countries,’ Columbia FDI Perspectives, No. 375, January 22, 2024. Reprinted with permission from the Columbia Center on Sustainable Investment ( All rights reserved.