A few words on the new data and the international tax reforms. First, the decline in corporate tax rates has been pronounced. Second, our new data on also show that the decline in CIT isn't just about statutory rates. It is also about tax expenditures that countries use to attract mobile assets & activity such as intangibles through IP regimes – our data shows just how low these special rates can be.

The third edition of our flagship CIT publication, Corporate Tax Statistics, is out today – huge congratulations to the team who put this together. Some highlights in a thread: 1/

https://twitter.com/OECDtax/status/1420674290408697856

First, the decline in statutory CIT rates continues, albeit at a slightly more modest pace last year. It's particularly acute when considering zero-tax jurisdictions.