Volume 110, Number 16

In this article, Durst explains how pillar 2 will reduce the use of profit shifting by multinational groups to lower effective tax rates while increasing the use of nontax incentives, a shift that could increase countries’ overall social welfare provided that the nontax incentives receive proper political oversight.


Michael Durst

Michael Durst is a long-time US tax practitioner, an author on international taxation and developing countries, a former government official and law professor, and a Senior Fellow of the ICTD.