What you should know about the Global Minimum Tax. Features, importance, effects and usefulness

Abstract

The objective of this research was to analyze the characteristics, importance, effects, and usefulness of the global minimum tax. To achieve this objective, a methodology was developed with a bibliographic design, supported by documentary evidence through a descriptive analysis of various documents available online that are related to the study variable. The results are based on an analysis of international trade and e-commerce, as well as relevant aspects of the Global Minimum Tax and general economic crises. It is concluded that international trade has impacted and fostered competition, technological exchange, learning and innovation, job creation, transparency, and the procurement of raw materials. All of this has been possible thanks to the development of e-commerce, facilitated by technological advances and internet access. However, this international trade has suffered considerable effects due to global economic crises, impacting the sustainability of organizations. Consequently, there are global mechanisms, such as the GloBE rules, that seek to assist and foster a tax system with a significant impact, such as the Global Minimum Tax. Therefore, countries wishing to implement or promote this tax must adapt their tax policies to those established by this rule. This will allow for adequate tax collection and the satisfaction of their own needs, without forgetting the need to implement strategies to encourage foreign investment and job creation.