Ian Borman and James Mastracchio Examine the Feasibility of President Biden’s Global Minimum Corporation Tax

Treasury Secretary Janet Yellen recently outlined a proposal for a 21% global minimum corporation tax rate. If applied, this would force multinationals to pay taxes in the countries where they sell their goods, rather than in lower-tax jurisdictions.

In a recent conversation with Raconteur, Winston & Strawn Partners Ian Borman and James Mastracchio outline why the seemingly simple proposals would be difficult to enforce and easily circumvented through tax credits and other incentives designed to make certain jurisdictions more appealing.

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