📋 Written Ability Test (WAT)/Essay Analysis Guide: Should Multinational Corporations Be Required to Pay a Global Minimum Tax?

🌍 Understanding the Topic’s Importance

💡 This topic bridges international taxation, corporate governance, and economic justice. For B-schools, it connects to critical themes like policy innovation, ethical leadership, and global economics.

🕒 Effective Planning and Writing

• ⏱️ Time Allocation (30 minutes):
  • 📖 Planning: 5 minutes
  • ✍️ Writing: 20 minutes
  • 🔍 Review: 5 minutes
• 📋 Structure:
  • Introduction: 70 words
  • Body: 350 words
  • Conclusion: 80 words

📝 Introduction Techniques for Essays

• 🔄 Contrast Approach: “While MNCs like Google contribute billions in taxes, their exploitation of tax havens highlights a systemic inequity in global tax systems.”
• 💡 Solution-Based Approach: “The OECD’s 15% global minimum tax proposal offers a pragmatic solution to the $427 billion lost annually to tax avoidance.”

📋 Structuring the Essay Body

1. 🏆 Achievements:
   • ✨ “The OECD initiative has garnered support from over 140 nations, promising to level the playing field and reduce inequalities in global taxation.”
2. ⚠️ Challenges with Comparative Analysis:
   • 📉 “While Ireland’s acceptance of the tax demonstrates progress, low-tax economies fear losing competitiveness, showcasing the complexities of global consensus.”
3. 🚀 Future Outlook:
   • 💡 “Integrating digital tools and AI for tax compliance and enhancing global cooperation will ensure the initiative’s success and sustainability.”

🎯 Concluding Effectively

• ⚖️ Balanced Perspective: “The global minimum tax is a milestone in tax fairness, but addressing implementation challenges is key to its long-term success.”
• 🌍 Global Comparison: “Drawing from examples like Ireland and the US, effective implementation can redefine global tax norms while addressing economic disparities.”

💡 Recommendations for Sustainable Progress

• 🔍 Develop mechanisms to monitor compliance globally.
• 🤝 Provide transition support for low-tax economies.
• 🌱 Encourage MNCs to invest tax savings into sustainable development initiatives.

📄 Sample Short Essays

• ⚖️ Balanced Perspective: “The global minimum tax ensures equitable taxation but requires thoughtful implementation to address resistance from low-tax economies and MNCs.”
• ✨ Solution-Oriented: “By standardizing tax rates, the global minimum tax can reduce inequalities, provided enforcement mechanisms and global cooperation are robust.”
• 🌐 Global Comparison: “The OECD initiative’s success in gaining consensus among 140 countries marks a step forward in global economic justice, addressing systemic tax avoidance.”