Research Information System
2nd International Congress of Finance and Tax to be held Selcuk University, November 08-10, 2024, Konya, Türkiye , Konya, Turkey, 8 - 10 November 2024, vol.1, no.1, pp.65-66, (Summary Text)
BENEFITS AND DRAWBACKS OF IMPLEMENTING A GLOBAL MINIMUM CORPORATE TAX FOR MULTINATIONAL COMPANIES ON THE NATIONAL ECONOMY
Abstract
Multinational enterprises, which refer to businesses operating in the
field of products or services in at least two different countries, have an
important place in both their own and the country's economy. These businesses
are required to pay the minimum corporate tax in the country in which they are
located. This corporate tax amount, which is determined as a minimum of 15% in
the country where it is located, only covers multinational enterprises with
annual revenues exceeding 750 million Euros. Thanks to this activity, which is
carried out to prevent tax avoidance, it is carried out in countries where low
tax avoidance or taxation is not made at all, so that they can bring
responsibility for the tax burden. In this way, they are included in the income
of the country they live in. It is seen that there are different types of
developments and practices related to this study in our country and other
countries of the world. Legal studies regarding the necessary legal regulations
are being carried out in the European Union countries regarding this issue.
Countries such as the Netherlands, France and Germany are trying to pass the
issue through their parliaments in a short time. In addition, countries such as
South Korea, Japan and England are in the process of adopting such a law in
their countries. In Turkey, as a result of the work of the Revenue Administration,
it was accepted by the parliament and became law. There are regulations that
may be affected by this situation. These will result in taxes that cannot be
collected in Turkey, and taxes that cannot be collected in this regard can be
collected in the country of the final organization. Local additional tax may
also be applied in Turkey for this stop. As a result, a field study is carried
out to determine the benefits and harms of the global minimum corporate tax
application for multinational companies on the country's economy. In this
context, with a detailed literature review and field research, a more
comprehensive framework will be drawn by giving examples from Turkey and the
world, and the research will be continued within a theoretical framework that
will guide other studies. With this study, which uses secondary data, the
benefits and harms to the country's economy will be stated and the targets to
be achieved will also be shown. Thanks to real-world examples and field-related
case studies presented in the study, it will be possible to delve deeper into
theoretical studies. It will also enable the development of strategies that can
turn insights into action.
Keywords: Multinational Company,
Global Minimum, Corporate Tax, Economy.