Global Consistency on Carbon Tax: A Role For the OECD’s Inclusive Framework?

    View Author April 2021

    The 139-member, OECD-led Inclusive Framework on base erosion and profit shifting (BEPS) is currently working on a global minimum tax for multinational corporate profits—the so-called Pillar Two component of the Inclusive Framework’s project on the tax challenges of digitalization. No one knows yet what the exact outcome of the project will be, but there is no doubt that the creation of the Inclusive Framework in 2016 and its operation since then have resulted in the existence of something totally new: a global tax policy forum that has the potential to produce rapid, globally consistent changes in tax laws worldwide.

    *This article was first published in Bloomberg Tax on April 5, 2021.