This study aims to quantify the impact of the global minimum corporate tax rate - a pillar of the OECD's reform of international taxation - on cross-border mergers and acquisitions (M&A) involving large multinational enterprises (MNEs). First, the influence of differences in capital taxation on...

Scholars and negotiators often assert that model treaty texts published by international organizations (IO) shape investment treaty design. This paper empirically investigates this role of IOs as shadow drafters. It tracks the imprint of six IO templates on the text of negotiated international...