{"id":5970,"date":"2024-03-28T22:00:53","date_gmt":"2024-03-28T20:00:53","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=5970"},"modified":"2024-03-28T22:00:53","modified_gmt":"2024-03-28T20:00:53","slug":"global-corporate-tax-competition-challenges-climate-change-mitigation-nature-climate-change","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=5970","title":{"rendered":"Global corporate tax competition challenges climate change mitigation &#8211; Nature Climate Change"},"content":{"rendered":"<section aria-labelledby=\"Abs1\" data-title=\"Abstract\" lang=\"en\">\n<h2 class=\"c-article-section__title js-section-title js-c-reading-companion-sections-item\" id=\"Abs1\">Abstract<\/h2>\n<p>Many countries have cut their corporate tax rates in the past decades to attract foreign investment. To prevent this, a global minimum tax policy was approved by OECD countries in 2021. Global changes in corporate tax rates could reshape production and investment networks while impacting welfare and global emission patterns. Here we develop a theoretical multi-country multi-industry general equilibrium model and show that global corporate tax competition during 2005\u20132016 would increase global carbon emissions and shift more emissions to developing economies. Implementing a global minimum tax rate of 15% would reduce global carbon emissions and effectively decrease the developing economies\u2019 emissions. The results highlight that corporate tax policies should be coordinated with climate regulations.<\/section>\n<p>                        This is a preview of subscription content, access via your institution<\/p>\n<h2 class=\"c-article-section__title u-h2 u-mb-24\" id=\"access-options\">Access options<\/h2>\n<p>                Access through your institution<\/p>\n<p>                Change institution<\/p>\n<p>                Buy or subscribe<\/p>\n<p>    \/* style specs start *\/<br \/>\nstyle{display:none!important}.LiveAreaSection-193358632 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0.9rem\"> \/\u00a030\u00a0days<\/span><\/span>cancel any timeLearn moreSubscribe to this journalReceive 12 print issues and online access212,91\u00a0\u20ac per yearonly 17,74 \u20ac per issueLearn moreRent or buy this articlePrices vary by article type<span class=\"price-info-text\">from<\/span>$1.95<span class=\"price-info-text\">to<\/span>$39.95Learn morePrices may be subject to local taxes which are calculated during checkout<\/section>\n<nav class=\"c-access-options\">\n<h3 class=\"c-access-options__heading\">Additional access options:<\/h3>\n<ul class=\"c-access-options__list\">\n<li>\n            Log in\n        <\/li>\n<li>\n            Learn about institutional subscriptions\n        <\/li>\n<li>\n            Read our FAQs\n        <\/li>\n<li>\n            Contact customer support\n        <\/li>\n<\/ul>\n<\/nav>\n<figure><figcaption><b id=\"Fig1\" class=\"c-article-section__figure-caption\" data-test=\"figure-caption-text\">Fig. 1: The emission impact of corporate tax 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Working Paper Series 8540 (National Bureau of Economic Research, 2001).<\/li>\n<\/ol>\n<p>Download references<\/section>\n<section data-title=\"Acknowledgements\">\n<h2 class=\"c-article-section__title js-section-title js-c-reading-companion-sections-item\" id=\"Ack1\">Acknowledgements<\/h2>\n<p>We gratefully acknowledge the financial support from the National Natural Science Foundation of China (No. 72394404 to Z.Z.), the National Social Science Foundation of China (No. 22CJY019 to Y.D.), the National Natural Science Foundation of China (No. 71988101 to W.S., No. 72261147471 to Y.D., Nos. 71834004 and 71974141 to Z.Z.), the major program of the National Social Science Fund of China (No. 22&amp;ZD086 to Y.D., No. 19ZDA062 to Y.C., No. 20&amp;ZD079 to Y.L.). Special thanks to Longfei Cai and Yuan Gao from Central University of Finance and Economics in China for the excellent research assistant work.<\/section>\n<section aria-labelledby=\"author-information\" data-title=\"Author information\">\n<h2 class=\"c-article-section__title js-section-title js-c-reading-companion-sections-item\" id=\"author-information\">Author information<\/h2>\n<h3 class=\"c-article__sub-heading\" id=\"affiliations\">Authors and Affiliations<\/h3>\n<ol class=\"c-article-author-affiliation__list\">\n<li id=\"Aff1\">School of International Trade and Economics, Central University of Finance and Economics, Beijing, ChinaYuwan Duan<\/li>\n<li id=\"Aff2\">State Key Laboratory of Marine Environmental Science, College of the Environment and Ecology, Xiamen University, Xiamen, Fujian, ChinaZengkai Zhang<\/li>\n<li id=\"Aff3\">Questrom School of Business, Boston University, Boston, MA, USAYuze Li<\/li>\n<li id=\"Aff4\">Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing, ChinaShouyang Wang\u00a0&amp;\u00a0Cuihong Yang<\/li>\n<li id=\"Aff5\">School of Economics and Management, University of Chinese Academy of Sciences, Beijing, ChinaShouyang Wang\u00a0&amp;\u00a0Cuihong Yang<\/li>\n<li id=\"Aff6\">School of Entrepreneurship and Management, ShanghaiTech University, Shanghai, ChinaShouyang Wang<\/li>\n<li id=\"Aff7\">School of Economics and Management, Tsinghua University, Beijing, ChinaYi Lu<\/li>\n<\/ol>\n<p><span class=\"c-article__sub-heading\">Authors<\/span><\/p>\n<ol class=\"c-article-authors-search u-list-reset\">\n<li id=\"auth-Yuwan-Duan-Aff1\"><span class=\"c-article-authors-search__title u-h3 js-search-name\">Yuwan Duan<\/span>View author publicationsYou can also search for this author in<br \/>\n                        <span class=\"c-article-identifiers\">PubMed<span class=\"u-hide\">\u00a0<\/span>Google Scholar<\/span><\/li>\n<li id=\"auth-Zengkai-Zhang-Aff2\"><span class=\"c-article-authors-search__title u-h3 js-search-name\">Zengkai Zhang<\/span>View author publicationsYou can also search for this author in<br \/>\n                        <span class=\"c-article-identifiers\">PubMed<span class=\"u-hide\">\u00a0<\/span>Google Scholar<\/span><\/li>\n<li id=\"auth-Yuze-Li-Aff3\"><span class=\"c-article-authors-search__title u-h3 js-search-name\">Yuze Li<\/span>View author publicationsYou can also search for this author in<br \/>\n                        <span class=\"c-article-identifiers\">PubMed<span class=\"u-hide\">\u00a0<\/span>Google Scholar<\/span><\/li>\n<li id=\"auth-Shouyang-Wang-Aff4-Aff5-Aff6\"><span class=\"c-article-authors-search__title u-h3 js-search-name\">Shouyang Wang<\/span>View author publicationsYou can also search for this author in<br \/>\n                        <span class=\"c-article-identifiers\">PubMed<span class=\"u-hide\">\u00a0<\/span>Google Scholar<\/span><\/li>\n<li id=\"auth-Cuihong-Yang-Aff4-Aff5\"><span class=\"c-article-authors-search__title u-h3 js-search-name\">Cuihong Yang<\/span>View author publicationsYou can also search for this author in<br \/>\n                        <span class=\"c-article-identifiers\">PubMed<span class=\"u-hide\">\u00a0<\/span>Google Scholar<\/span><\/li>\n<li id=\"auth-Yi-Lu-Aff7\"><span class=\"c-article-authors-search__title u-h3 js-search-name\">Yi Lu<\/span>View author publicationsYou can also search for this author in<br \/>\n                        <span class=\"c-article-identifiers\">PubMed<span class=\"u-hide\">\u00a0<\/span>Google Scholar<\/span><\/li>\n<\/ol>\n<h3 class=\"c-article__sub-heading\" id=\"contributions\">Contributions<\/h3>\n<p>Y.D. and Z.Z. designed the research. Y.D. built the general equilibrium model and wrote the methods. Z.Z. created figures and drafted the initial manuscript. Y. Li. collected the raw data and revised the manuscript. S.W., C.Y. and Y. Lu. commented on the results and discussion. All authors contributed to writing the manuscript and discussed the results at all stages.<\/p>\n<h3 class=\"c-article__sub-heading\" id=\"corresponding-author\">Corresponding author<\/h3>\n<p>Correspondence to<br \/>\n                Zengkai Zhang.<\/section>\n<section data-title=\"Ethics declarations\">\n<h2 class=\"c-article-section__title js-section-title js-c-reading-companion-sections-item\" id=\"ethics\">Ethics declarations<\/h2>\n<h3 class=\"c-article__sub-heading\" id=\"FPar2\">Competing interests<\/h3>\n<p>              The authors declare no competing interests.<\/p>\n<\/section>\n<section data-title=\"Peer review\">\n<h2 class=\"c-article-section__title js-section-title js-c-reading-companion-sections-item\" id=\"peer-review\">Peer review<\/h2>\n<h3 class=\"c-article__sub-heading\" id=\"FPar1\">Peer review information<\/h3>\n<p>              <i>Nature Climate Change<\/i> thanks Luis Lopez and the other, anonymous, reviewer(s) for their contribution to the peer review of this work.<\/p>\n<\/section>\n<section data-title=\"Additional information\">\n<h2 class=\"c-article-section__title js-section-title js-c-reading-companion-sections-item\" id=\"additional-information\">Additional information<\/h2>\n<p><b>Publisher\u2019s note<\/b> Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.<\/section>\n<section data-title=\"Supplementary information\">\n<h2 class=\"c-article-section__title js-section-title js-c-reading-companion-sections-item\" id=\"Sec15\">Supplementary information<\/h2>\n<h3 class=\"c-article-supplementary__title u-h3\">Supplementary Information<\/h3>\n<p>Supplementary Figs. 1\u201315 and Tables 1\u20135.<\/section>\n<section data-title=\"Rights and permissions\">\n<h2 class=\"c-article-section__title js-section-title js-c-reading-companion-sections-item\" id=\"rightslink\">Rights and permissions<\/h2>\n<p>Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.Reprints and permissions<\/section>\n<section aria-labelledby=\"article-info\" data-title=\"About this article\">\n<h2 class=\"c-article-section__title js-section-title js-c-reading-companion-sections-item\" id=\"article-info\">About this article<\/h2>\n<h3 class=\"c-article__sub-heading\" id=\"citeas\">Cite this article<\/h3>\n<p>Duan, Y., Zhang, Z., Li, Y. <i>et al.<\/i> Global corporate tax competition challenges climate change mitigation.<br \/>\n                    <i>Nat. Clim. Chang.<\/i>  (2024). https:\/\/doi.org\/10.1038\/s41558-024-01952-0Download citation<\/p>\n<ul class=\"c-bibliographic-information__list\" data-test=\"publication-history\">\n<li class=\"c-bibliographic-information__list-item\">Received<span class=\"u-hide\">: <\/span><span class=\"c-bibliographic-information__value\">08 January 2023<\/span><\/li>\n<li class=\"c-bibliographic-information__list-item\">Accepted<span class=\"u-hide\">: <\/span><span class=\"c-bibliographic-information__value\">06 February 2024<\/span><\/li>\n<li class=\"c-bibliographic-information__list-item\">Published<span class=\"u-hide\">: <\/span><span class=\"c-bibliographic-information__value\">28 March 2024<\/span><\/li>\n<li class=\"c-bibliographic-information__list-item c-bibliographic-information__list-item--full-width\"><abbr title=\"Digital Object Identifier\">DOI<\/abbr><span class=\"u-hide\">: <\/span><span class=\"c-bibliographic-information__value\">https:\/\/doi.org\/10.1038\/s41558-024-01952-0<\/span><\/li>\n<\/ul>\n<h3 class=\"c-article__sub-heading\">Share this article<\/h3>\n<p>Anyone you share the following link with will be able to read this content:<button class=\"js-get-share-url c-article-share-box__button\" type=\"button\" id=\"get-share-url\" data-track=\"click\" data-track-label=\"button\" data-track-external data-track-action=\"get shareable link\">Get shareable link<\/button>Sorry, a shareable link is not currently available for this article.<button class=\"js-copy-share-url c-article-share-box__button--link-like\" type=\"button\" id=\"copy-share-url\" data-track=\"click\" data-track-label=\"button\" data-track-action=\"copy share url\" data-track-external>Copy to clipboard<\/button><br \/>\n                            Provided by the Springer Nature SharedIt content-sharing initiative<br \/>\n                        <\/section>\n","protected":false},"excerpt":{"rendered":"<p>Countries have cut their corporate tax rates to attract foreign investment, leading to global changes in corporate tax rates. In 2021, OECD countries approved a global minimum tax policy to prevent tax competition. Implementing a global minimum tax rate of 15% could reduce global carbon emissions and decrease emissions in developing economies.<\/p>\n","protected":false},"author":6,"featured_media":5971,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[3038,186,4021,2134,3348,486,693,426,4020,3399,2511,2369,1992,26,358,203,765,1610,2515,569,828,4019,250,415,2294,3398,1823,1991,63,187,2753,3404,2796,148,252,1193,1981,1812,433,948,1358,3961,1065,1183,1682,1006,544,380,2659,18,2366],"class_list":["post-5970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-agreement","tag-business","tag-carbon-emissions","tag-challenges","tag-change","tag-china","tag-climate-change","tag-competition","tag-corporate-tax-competition","tag-corporate-taxes","tag-costs","tag-data","tag-decrease","tag-economy","tag-energy","tag-environment","tag-environmental-regulations","tag-evidence","tag-february","tag-finance","tag-foreign-investors","tag-global-minimum-tax-policy","tag-google","tag-government","tag-income","tag-income-tax","tag-increase","tag-industry","tag-innovation","tag-international","tag-investment","tag-investors","tag-issues","tag-local","tag-meta","tag-nature","tag-pollution","tag-rights","tag-school","tag-south-korea","tag-support","tag-tariffs","tag-tax","tag-taxes","tag-technology","tag-trade","tag-united-states","tag-us","tag-van","tag-world","tag-writing"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Global corporate tax competition challenges climate change mitigation - Nature Climate Change<\/title>\n<meta name=\"description\" content=\"global minimum tax. global minimum tax policy, corporate tax competition, carbon emissions\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global corporate tax competition challenges climate change mitigation - Nature Climate Change\" \/>\n<meta property=\"og:description\" content=\"global minimum tax. global minimum tax policy, corporate tax competition, carbon emissions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ch.jfdi.cc\/?p=5970\" \/>\n<meta property=\"og:site_name\" content=\"ch.jfdi.cc\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-28T20:00:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/global-corporate-tax-competition-challenges-climate-change-mitigation-nature-climate-change.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1048\" \/>\n\t<meta property=\"og:image:height\" content=\"845\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Robot\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robot\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=5970#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=5970\"},\"author\":{\"name\":\"Robot\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/24aeef359ef2df73056e7502e1cadc71\"},\"headline\":\"Global corporate tax competition challenges climate change mitigation &#8211; 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