Strong Incentives in Global Tax Deal to Avoid Havens: Daleep Singh

The video discusses the global tax agreement aimed at preventing a race to the bottom on corporate tax rates. It highlights the impact of mobile capital and tax havens on national revenues and the burden on workers. The agreement, involving over 130 countries, seeks to create a level playing field by encouraging competition based on innovation rather than tax location. The implementation timeline includes steps through the G20, G7, and OECD, with full adoption expected by 2023. The video also explores the challenges and incentives for countries to join the agreement.

What are the expected outcomes of implementing the new global tax regime?

How does the current corporate tax revenue in the United States compare to the global average?

What structural problems do countries hope to address with the resources gained from the new tax agreement?