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A number of regional trade agreements (RTAs) include investment protection provisions that may limit a country's ability to change tax measures. This limitation could raise concerns for States as regards the recently agreed global minimum tax under the Global Anti-Base Erosion (GloBE) Rules, as its implementation could amount to a breach of investment obligations. Therefore, this paper analyses how the GloBE Rules and their impact on investment incentives interact with investment provisions in RTAs, also considering the impact of the minimum tax on regional integration efforts and the potential for a regional approach to its implementation. Keywords: GloBE, IIA, international taxation, Pillar Two, RTA, tax incentives JEL classification codes: F13, F21, F23, H25, K34, 1. Introduction From an economic standpoint, investment protection is argued to increase foreign direct investment (FDI) by providing certainty to investors and lessening the risks they face. (1) This argument [...]

This paper analyses the potential impact of the minimum tax envisaged under the OECD Pillar Two on several common corporate tax incentives. It reaches the conclusion that while the impact is expected to be low to moderate for some common incentives, such as participation exemption regimes and accelerated depreciations, it might be significant for direct cuts from the tax bill, which include tax holidays, intellectual property (IP) box regimes and special economic zones (SEZs). Hence, the response by policymakers must be informed by the specific interaction between the corporate tax incentives under their respective systems and the upcoming international standards on the minimum level of taxation. Keywords: BEPS, corporate tax law, FDI, international taxation, tax incentives, Pillar Two JEL classification codes: F21, H25, K34, 1. Introduction On 20 December 2021, the OECD/G20 Inclusive Framework on Base Erosion and Profit-Shifting (Inclusive Framework on BEPS) released the Global Anti-Base Erosion (GloBE) Model Rules to ensure the [...]

International trade, investment and tax policies are inextricably linked. Tax is a key investment determinant influencing the attractiveness of a location or an economy for international investors, particularly those heavily [...]

The document is a summary of the North Louisiana Historical Association's board of directors meeting held on July 22, 2023, at the Broadmoor Branch of the Shreve Memorial Library in Shreveport, LA. The meeting discussed the election of officers, the treasurer's report, the passing of notable members, potential articles for the association journal, changes to the Overdyke Award, and the possibility of creating a Historical Marker Database. The meeting concluded with no further business, and the board voted to adjourn. [Extracted from the article]