without our amazing comms team, and without the delegates from 100+ countries who work hard (on top of their day jobs) to give us data so that good quality comparative statistics can exist. I don't take it for granted. Thanks a lot to all. End/

There is more that can and should be done to support evidence-based work on international tax, but this much would not be happening without my diligent, creative and enthusiastic team, 7/

4. Lastly, the release of the BEPS stocktake earlier this year was a good moment for me to reflect on how much more evidence there is on MNE activity compared to 10 years prior. Corporate Tax Stats, and CbCR data in particular, is a key part of having an informed debate about international tax. 6/

3. CbCR data point to a rising share of MNE tax revenues in the tax mix – the rising role of MNEs in the CIT mix reflects their rising role in the economy as a whole. This in turn raises the stakes for getting the taxation of MNEs right from a revenue, equity, and efficiency perspective.

2. CIT revenues are rising. In a world of rising fiscal pressures there is a continuing need for revenue, and corporate profits are a continuing source of it. We need to do more to understand whether these increases are driven by higher profits or broader tax bases – we are working on it!

I suspect, but don’t know for sure, that this may be due to the GMT. If this is the case then this would be a significant impact from the GMT itself before a dollar is in top-up tax would be collected, and indeed one that was foreseen by academics before the GMT was implemented. 3/

1. The stablisation of CIT rates is continuing. Each year for the past several years I continue to ask myself whether the stablisation is a brief anomaly before the race to the bottom recommences. So far that is not the case, with rates even rising modestly within the OECD. 2/

End november!

Facepalm.