Global minimum taxation and investment of multinationals (MINITAX)

What is the impact of global minimum taxes on investment by multinationals, one of the drivers of economic growth? The investment impact of global minimum taxes is largely unexplored.

To address this, I will combine three recent developments in reforms, data, and measurement.

First, I will benefit from two global minimum tax reforms: the U.S. reform of 2017 and the global reform approved by more than 130 countries in 2021, which aims to ensure that each multinational pays a minimum effective tax rate of 15% in each country. Second, I will rely on country-by-country reporting data to distinguish the impact in a single country as opposed to across all countries. Third, I will use the measurement of real versus tax avoidance-motivated investments to determine to what extent the impact is driven by tax avoidance.

Building on my previous contributions to each of the three developments, I will conduct new research. For each of the two reforms, I will develop and apply identification strategies to the administrative tax data to determine the causal impact of taxes on investment

Project team of FSV UK (2)

prof. Petr Janský, Ph.D.

Principal investigator

+420 222 112 325

petr.jansky@fsv.cuni.cz  |  jansky@fsv.cuni.cz

Theresa Neef

Team member