Global Anti-Base Erosion Proposal (GloBE)

The Global Anti-Base Erosion (GloBE) proposal is an international effort to address tax avoidance by multinational companies. It aims to ensure that these companies pay a minimum level of tax in each country where they operate, preventing them from shifting profits to low-tax jurisdictions. By setting a global standard for taxation, GloBE seeks to create a fairer system, reducing incentives for profit shifting and helping countries collect the taxes they need for public services. This initiative is part of a broader OECD effort to harmonize international tax rules and combat tax base erosion.