Global tax reform: 130 countries commit to minimum corporate rate

Original article by Richard Partington
The Guardian – Page: Online : 2-Jul-21

The OECD has advised that 130 countries and jurisdictions have agreed to plans for a global minimum corporate tax rate. The principle of the agreement is that multinationals would be compelled to pay a minimum of 15 per cent tax in each country in which they operate, with the global minimum tax rate expected to raise around $US150 billion. The agreement also looks to curtail profit shifting, with over $US100 billion (Stg73 billion) expected to be raised by curbing this activity.


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