The EU Tax Observatory has published a working paper on the Global Minimum Tax and Profit Shifting, including an analysis of tax data from the Slovak Republic finding that the Pillar 2 global minimum tax could reduce profit shifting by most multinationals and increase Slovak corporate tax revenues by 4%. --- Abstract We develop a methodology to decompose the tax revenue impact of the global minimum tax introduced in 2024 into several components and quantify its potential impact on profit shifting. We apply it to 34 thousand multinational-country observations from tax returns, financial statements and country-by-country reports of all multinationals...