Will a global corporate tax rate end the practice of shifting profits to low tax jurisdictions?

A survey of European and US economists explores their views on some of the issues surrounding the global deal on corporate taxes: the impact of a global minimum rate on investment, profit-shifting and low-tax jurisdictions; whether a stable international tax system that includes a global minimum rate can be achieved; and a potential move from levying taxes based on where firms’ headquarters and production are located to where they make their sales. Romesh Vaitilingam sums up the results.