THE OECD’s latest edition of Corporate Tax Statistics and a new accompanying working paper, provide new data on global low-taxed profit, a key issue for determining the impact of the global minimum tax. According to the new analysis, jurisdictions with high tax rates account for more than half of the low-taxed profits reported globally by multinational enterprises (MNEs). 

The new data and estimates on taxation of large MNE profits show how tax incentives and other concessions in jurisdictions with high statutory and average tax rates enable some firms to pay low effective tax rates (ETRs). The findings highlight how the introduction of a global minimum tax rate on the profits of large MNEs agreed by the OECD/G20 Inclusive Framework would create new opportunities for domestic resource mobilisation for high-tax and low-jurisdictions alike.