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Separate Accounting is the current international tax system for taxing global business. Describe how Separate Accounting works and why it can induce profit shifting and

Separate Accounting is the current international tax system for taxing global business. Describe how Separate Accounting works and why it can induce profit shifting and a race-to-the-bottom in taxes. Would a global minimum corporate income tax (as the one proposed by G20 in July 2021) be able to stop profit shifting and a race-to-the-bottom?

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