Meet the METR

We republish here an article written by several BMG members, together with other colleagues, first published in Tax Notes International on 15 February 2021. A longer version is also available on SSRN.

The article explains and analyses our suggested revised version of the OECD’s proposed global anti-base erosion tax (the GLOBE), a minimum effective tax rate for multinationals (the METR). This presents in more detail the proposal first made in our comments of December 2019 on the Pillar Two proposals.

Our METR is a more equitable, far less complex, and more practical variant on the GLOBE, and could be introduced by a coalition of willing states.