Adam Kern (San Diego) has just published “The Hole in the Global Minimum Tax” in the University of Chicago Law Review. Here is the (mercifully short!) abstract:

The global minimum tax is often praised for its promise to restrain harmful tax competition. But the effects of the global minimum tax are more nuanced than is commonly understood. This Article shows that the global minimum tax raises a trade-off between two kinds of tax competition: competition for profit and competition for investment. It also provides suggestive evidence that the costs of intensifying competition for investment could be substantial. Specific reforms are proposed that could preserve the benefits of the global minimum tax while mitigating its harms.