Global Minimum Corporate Tax: A Blow to Tax Competition & Its Implications on The Indian Sovereign

Abstract

Race to the bottom prompts governments to reduce the tax burden in order to attract investments, which gives birth to low tax jurisdictions or no tax juris- dictions. Global minimum tax aims to put an end to undercutting of taxes and the subsequent tax competition. The paper aims at understanding the impact and implementation of the new global tax regime within India. The findings of this paper indicate that the overarching impact is positive but the implementa- tion and incorporation is difficult but certainly possible. This is a revolutionary step and will surely leave its mark on the world. Volume 2 – Issue 1 Journal of Multi-Disciplinary Legal Research ISSN: 2582-9947