Akademik Veri Yönetim Sistemi
38th International Public Finance Conference / TR, Antalya, Türkiye, 17 - 20 Ekim 2024, sa.2456, ss.7-10, (Tam Metin Bildiri)
The globalization process, which has gradually accelerated since the 1980s, has increased international capital mobility and both affected and limited the expenditure and revenue policies of nation states, which are the subjects of traditional public finance. With the impact of technological developments and digitalization, difficulties in taxing international capital, tax deductions, tax avoidance, tax base erosion and profit shifting have resulted in states having fewer resources for international competition and development and weakening their financial power. In particular, the OECD's fight against harmful tax competition and the resulting tax havens, which have devastating consequences for the tax systems of nation states, has accelerated the structural transformation of public finance. The OECD-led Global Minimum Corporate Tax (GMCT) targeting Multinational Corporations (MNCs) to reduce tax losses and evasion is a result of this transformation. The purpose of this study is to analyze the GMCT implementation, which is considered as a historical tax reform on a global scale, from the perspective of Turkiye and MNCs, whose technical studies have been completed under the leadership of the OECD and which is expected to enter into force in Turkiye in 2024. In this context, the study will evaluate how MNCs, which have higher budgets than many countries in the world, will be affected by the implementation of the GMCT, what will be the change in global tax revenues and foreign direct investments, and whether developing countries, including Turkey, can gain from this implementation.