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Multinational corporations worldwide are facing increasing frustration from critics who say they use a cocktail of loopholes such as profit shifting, deductions, and credits to avoid paying their fair share of taxes. As consensus grows, an unprecedented idea emerged: a global minimum tax floor of 15 percent that would apply to the world’s largest multinational corporations. The change could bring a massive increase in revenue for governments around the world. But this effort would require remarkable international cooperation, and the U.S. midterm elections and unfolding changes in Europe could prevent governments from unifying behind the idea. This episode was originally released by Why It Matters on April 14, 2022. Find us What in the World Is a Global Minimum Tax? - https://www.cfr.org/podcasts/what-in-... Why It Matters - https://www.cfr.org/podcasts/why-it-m... Apple Podcasts - https://apple.co/39tmKmi Spotify - https://spoti.fi/3ACtkTq Google Podcasts - https://bit.ly/2W5Ef94 Host Gabrielle Sierra Podcast Host and Senior Producer Episode Guests Richard Rubin U.S. Tax Policy Reporter, Wall Street Journal Shu-Yi Oei Professor, Boston College Law School Related Episodes The Dollar Privilege- https://www.cfr.org/podcasts/dollar-p... The Cost of the U.S. Arms Trade- https://www.cfr.org/podcasts/cost-us-... Subscribe to our channel: https://goo.gl/WCYsH7 The Council on Foreign Relations (CFR) is an independent, nonpartisan membership organization, think tank, and publisher. Visit the CFR website: http://www.cfr.org Follow CFR on Twitter: / cfr_org Follow CFR on Facebook: / councilonforeignrelations